UBS Group AG lifted its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH – Free Report) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 175,547 shares of the company’s stock after purchasing an additional 10,301 shares during the period. UBS Group AG owned about 0.30% of Howard Hughes worth $14,003,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. increased its position in Howard Hughes by 98.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company’s stock valued at $45,757,000 after acquiring an additional 276,083 shares during the period. Crcm LP increased its position in Howard Hughes by 82.5% in the 3rd quarter. Crcm LP now owns 560,713 shares of the company’s stock valued at $46,074,000 after acquiring an additional 253,490 shares during the period. Annex Advisory Services LLC increased its position in Howard Hughes by 1,117.5% in the 4th quarter. Annex Advisory Services LLC now owns 181,388 shares of the company’s stock valued at $14,469,000 after acquiring an additional 166,489 shares during the period. Millennium Management LLC increased its position in Howard Hughes by 2,368.8% in the 1st quarter. Millennium Management LLC now owns 165,926 shares of the company’s stock valued at $12,292,000 after acquiring an additional 159,205 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Howard Hughes by 814.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 112,319 shares of the company’s stock valued at $7,582,000 after acquiring an additional 100,041 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.
Analyst Ratings Changes
HHH has been the topic of several recent research reports. Zacks Research cut Howard Hughes from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Weiss Ratings cut Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 6th. Finally, Wall Street Zen upgraded Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $85.00.
Howard Hughes Price Performance
Shares of HHH opened at $64.18 on Thursday. Howard Hughes Holdings Inc. has a twelve month low of $61.01 and a twelve month high of $91.07. The stock’s 50 day moving average is $64.47 and its two-hundred day moving average is $75.78. The firm has a market capitalization of $3.83 billion, a PE ratio of 31.46 and a beta of 1.15. The company has a current ratio of 1.58, a quick ratio of 1.19 and a debt-to-equity ratio of 1.97.
Howard Hughes (NYSE:HHH – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. Howard Hughes had a return on equity of 5.41% and a net margin of 8.04%.The company had revenue of $235.92 million for the quarter. During the same period in the prior year, the firm posted $0.21 EPS. Howard Hughes’s revenue for the quarter was up 18.4% compared to the same quarter last year. Research analysts anticipate that Howard Hughes Holdings Inc. will post 3.01 earnings per share for the current year.
Insiders Place Their Bets
In other Howard Hughes news, General Counsel Joseph Valane acquired 1,260 shares of the stock in a transaction on Friday, March 13th. The shares were bought at an average price of $64.45 per share, with a total value of $81,207.00. Following the acquisition, the general counsel owned 29,209 shares of the company’s stock, valued at $1,882,520.05. This trade represents a 4.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 48.00% of the company’s stock.
About Howard Hughes
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.
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