Cibc World Market Inc. Takes Position in Howard Hughes Holdings Inc. $HHH

Cibc World Market Inc. acquired a new stake in shares of Howard Hughes Holdings Inc. (NYSE:HHHFree Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 10,177 shares of the company’s stock, valued at approximately $728,000.

A number of other large investors also recently bought and sold shares of the business. Brighton Jones LLC purchased a new stake in shares of Howard Hughes during the fourth quarter valued at about $511,000. JCP Investment Management LLC grew its position in shares of Howard Hughes by 29.3% in the 1st quarter. JCP Investment Management LLC now owns 234,100 shares of the company’s stock worth $14,809,000 after buying an additional 53,000 shares during the last quarter. Bank of America Corp DE grew its position in shares of Howard Hughes by 14.8% in the 1st quarter. Bank of America Corp DE now owns 304,520 shares of the company’s stock worth $19,264,000 after buying an additional 39,246 shares during the last quarter. Candriam S.C.A. raised its stake in shares of Howard Hughes by 158.9% during the 1st quarter. Candriam S.C.A. now owns 54,136 shares of the company’s stock worth $3,425,000 after acquiring an additional 33,228 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Howard Hughes by 8.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,822,522 shares of the company’s stock worth $178,549,000 after acquiring an additional 208,617 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

Insider Buying and Selling at Howard Hughes

In other news, Director Mary Ann Tighe sold 13,495 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $67.25, for a total transaction of $907,538.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 47.70% of the stock is owned by company insiders.

Howard Hughes Stock Down 1.1%

HHH stock opened at $64.94 on Friday. The stock has a market capitalization of $3.88 billion, a PE ratio of 13.15 and a beta of 1.14. Howard Hughes Holdings Inc. has a 52 week low of $61.01 and a 52 week high of $91.07. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.35. The firm has a 50 day moving average of $68.58 and a 200 day moving average of $67.57.

Howard Hughes (NYSE:HHHGet Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $2.19. The business had revenue of $1.12 billion for the quarter. Howard Hughes had a net margin of 12.31% and a return on equity of 7.51%. The company’s revenue for the quarter was up 330.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.22) EPS. Sell-side analysts forecast that Howard Hughes Holdings Inc. will post 2.77 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings raised Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. upped their price target on Howard Hughes from $76.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, Zacks Research lowered Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $79.00.

Read Our Latest Stock Report on Howard Hughes

Howard Hughes Company Profile

(Free Report)

Howard Hughes Holdings Inc, together with its subsidiaries, operates as a real estate development company in the United States. It operates in four segments: Operating Assets; Master Planned Communities (MPCs); Seaport; and Strategic Developments. The Operating Assets segment consists of developed or acquired retail, office, and multi-family properties along with other retail investments. Its MPCs segment develops, sells, and leases residential and commercial land designated for long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona.

Further Reading

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Institutional Ownership by Quarter for Howard Hughes (NYSE:HHH)

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