Interocean Capital Lowered Its Position in 3M Company (MMM) by $793,573; Jhl Capital Group Increased Howard Hughes (HHC) Position by $15.80 Million; Stock Price Rose

January 16, 2018 - By Maria Brooks

Interocean Capital Llc decreased its stake in 3M Company (MMM) by 7.94% based on its latest 2017Q3 regulatory filing with the SEC. Interocean Capital Llc sold 3,797 shares as the company’s stock rose 7.02% with the market. The hedge fund held 44,048 shares of the medical and dental instruments company at the end of 2017Q3, valued at $9.25 million, down from 47,845 at the end of the previous reported quarter. Interocean Capital Llc who had been investing in 3M Company for a number of months, seems to be less bullish one the $146.68 billion market cap company. The stock increased 0.74% or $1.805 during the last trading session, reaching $246.275. About 549,114 shares traded. 3M Company (NYSE:MMM) has risen 18.59% since January 16, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

James H. Litinsky increased its stake in Howard Hughes Corp (HHC) by 540% based on its latest 2017Q3 regulatory filing with the SEC. Jhl Capital Group Llc bought 135,000 shares as the company’s stock rose 10.78% with the market. The hedge fund run by James H. Litinsky held 160,000 shares of the real estate investment trusts company at the end of 2017Q3, valued at $18.87M, up from 25,000 at the end of the previous reported quarter. Jhl Capital Group Llc who had been investing in Howard Hughes Corp for a number of months, seems to be bullish on the $5.50B market cap company. The stock increased 0.13% or $0.16 during the last trading session, reaching $127.22. About 79,427 shares traded. The Howard Hughes Corporation (NYSE:HHC) has risen 25.50% since January 16, 2017 and is uptrending. It has outperformed by 8.80% the S&P500.

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.14, from 0.91 in 2017Q2. It worsened, as 59 investors sold MMM shares while 612 reduced holdings. 101 funds opened positions while 417 raised stakes. 387.06 million shares or 0.01% more from 387.02 million shares in 2017Q2 were reported. Cobblestone Cap Advisors Limited Liability has invested 0.13% of its portfolio in 3M Company (NYSE:MMM). 52,976 were accumulated by Cetera Advisor Ltd Com. Jensen Management stated it has 1.95 million shares. Horan Cap has invested 0.09% in 3M Company (NYSE:MMM). Capital Counsel Ltd Limited Liability Company Ny, New York-based fund reported 26,596 shares. Blair William Commerce Il holds 0.31% or 198,658 shares. Reilly Herbert Faulkner Iii reported 2.58% stake. Thomas J Herzfeld Advsr Incorporated reported 760 shares or 0.07% of all its holdings. Spinnaker has invested 15.51% in 3M Company (NYSE:MMM). Brown Brothers Harriman Communications owns 55,621 shares. Old Point Tru Serv N A holds 5,902 shares or 0.7% of its portfolio. 755 were accumulated by Cranbrook Wealth Management Ltd Liability Corporation. Kelly Lawrence W Ca has invested 0.43% in 3M Company (NYSE:MMM). Doheny Asset Management Ca stated it has 3,965 shares or 0.38% of all its holdings. Birch Hill Investment Ltd has invested 0.29% of its portfolio in 3M Company (NYSE:MMM).

Analysts await 3M Company (NYSE:MMM) to report earnings on January, 23. They expect $2.02 earnings per share, up 7.45% or $0.14 from last year’s $1.88 per share. MMM’s profit will be $1.20B for 30.48 P/E if the $2.02 EPS becomes a reality. After $2.33 actual earnings per share reported by 3M Company for the previous quarter, Wall Street now forecasts -13.30% negative EPS growth.

Interocean Capital Llc, which manages about $885.53 million and $671.90M US Long portfolio, upped its stake in Alphabet Inc. Class C by 1,607 shares to 21,216 shares, valued at $20.35M in 2017Q3, according to the filing. It also increased its holding in Cisco Systems Inc (NASDAQ:CSCO) by 25,728 shares in the quarter, for a total of 457,200 shares, and has risen its stake in Bayer Ag F Sponsored Adr 1 Adr (BAYRY).

Among 15 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. 3M had 71 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Tuesday, April 12 with “Buy”. UBS maintained 3M Company (NYSE:MMM) on Wednesday, March 30 with “Buy” rating. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Tuesday, April 19 by Citigroup. The rating was maintained by Stifel Nicolaus on Wednesday, April 26 with “Hold”. Citigroup maintained the shares of MMM in report on Wednesday, July 26 with “Buy” rating. The rating was downgraded by JP Morgan to “Underweight” on Wednesday, September 20. The firm has “Buy” rating given on Monday, August 14 by Jefferies. As per Wednesday, October 11, the company rating was maintained by RBC Capital Markets. Jefferies maintained it with “Buy” rating and $23400 target in Thursday, June 1 report. Credit Suisse maintained the shares of MMM in report on Tuesday, March 15 with “Outperform” rating.

Since August 11, 2017, it had 0 insider buys, and 8 insider sales for $5.40 million activity. Little Frank R Jr. sold $351,708 worth of 3M Company (NYSE:MMM) on Friday, October 27. The insider Gangestad Nicholas C sold $936,291. Shares for $547,377 were sold by Fong Ivan K. Another trade for 4,965 shares valued at $1.02 million was made by Keel Paul A on Friday, August 11. THULIN INGE G sold $1.59M worth of stock or 6,823 shares. Lindekugel Jon T sold $92,023 worth of stock.

Among 7 analysts covering Howard Hughes (NYSE:HHC), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Howard Hughes had 11 analyst reports since August 14, 2015 according to SRatingsIntel. CJS Securities initiated the stock with “Market Outperform” rating in Monday, October 31 report. TheStreet downgraded The Howard Hughes Corporation (NYSE:HHC) on Thursday, September 24 to “Sell” rating. As per Tuesday, December 8, the company rating was maintained by Compass Point. The company was maintained on Monday, May 23 by Compass Point. The stock of The Howard Hughes Corporation (NYSE:HHC) has “Buy” rating given on Sunday, August 16 by JMP Securities. The firm has “Buy” rating by BWS Financial given on Thursday, June 8. On Thursday, March 30 the stock rating was initiated by Sandler O’Neill with “Hold”. The stock of The Howard Hughes Corporation (NYSE:HHC) earned “Buy” rating by Citigroup on Wednesday, August 10. The stock has “Buy” rating by Citigroup on Friday, May 13.

Investors sentiment decreased to 1.45 in Q3 2017. Its down 0.11, from 1.56 in 2017Q2. It turned negative, as 20 investors sold HHC shares while 54 reduced holdings. 31 funds opened positions while 76 raised stakes. 35.06 million shares or 1.51% more from 34.54 million shares in 2017Q2 were reported. Tiaa Cref Investment Mgmt Limited Liability Co holds 0.01% or 129,730 shares in its portfolio. Huntington Bancshares reported 37 shares. First Tru Advsr Ltd Partnership has invested 0% in The Howard Hughes Corporation (NYSE:HHC). Karpas Strategies Ltd Co accumulated 10,850 shares. Cardinal Capital Mgmt Ltd Com Ct stated it has 2.7% in The Howard Hughes Corporation (NYSE:HHC). Brown Brothers Harriman & Co holds 0% or 1,000 shares in its portfolio. Pershing Square Cap Mngmt Ltd Partnership holds 4.70 million shares or 10.85% of its portfolio. State Of New Jersey Common Pension Fund D reported 223,204 shares or 0.11% of all its holdings. Palo Incorporated reported 4,350 shares stake. Dimensional Fund Advsr Limited Partnership invested 0.02% in The Howard Hughes Corporation (NYSE:HHC). Knott David M reported 1.01% stake. 26,543 are held by Susquehanna Gru Llp. Franklin Resources Inc has invested 0.01% in The Howard Hughes Corporation (NYSE:HHC). Holt Capital Advsrs Dba Holt Capital Lp stated it has 2,960 shares or 0.11% of all its holdings. Vanguard Group accumulated 0.02% or 2.89 million shares.

Since December 29, 2017, it had 0 insider purchases, and 1 sale for $319.65 million activity.

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