Legal & General Group Plc Makes New Investment in Howard Hughes Holdings Inc. $HHH

Legal & General Group Plc acquired a new stake in Howard Hughes Holdings Inc. (NYSE:HHHFree Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 27,315 shares of the company’s stock, valued at approximately $1,953,000.

A number of other hedge funds also recently made changes to their positions in HHH. Sequoia Financial Advisors LLC grew its position in Howard Hughes by 0.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 27,193 shares of the company’s stock valued at $2,169,000 after buying an additional 147 shares during the period. Fifth Third Bancorp raised its position in Howard Hughes by 37.2% in the fourth quarter. Fifth Third Bancorp now owns 572 shares of the company’s stock worth $46,000 after acquiring an additional 155 shares during the period. &PARTNERS boosted its stake in Howard Hughes by 3.9% in the fourth quarter. &PARTNERS now owns 5,407 shares of the company’s stock valued at $431,000 after acquiring an additional 204 shares during the last quarter. California State Teachers Retirement System boosted its stake in Howard Hughes by 0.7% in the second quarter. California State Teachers Retirement System now owns 30,098 shares of the company’s stock valued at $2,032,000 after acquiring an additional 217 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its position in shares of Howard Hughes by 7.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,409 shares of the company’s stock valued at $244,000 after acquiring an additional 226 shares during the period. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Stock Down 0.1%

Howard Hughes stock opened at $64.03 on Monday. The firm has a 50 day simple moving average of $67.98 and a 200 day simple moving average of $66.77. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 1.35. Howard Hughes Holdings Inc. has a 1-year low of $61.01 and a 1-year high of $91.07. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 12.96 and a beta of 1.14.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Weiss Ratings raised Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. boosted their target price on Howard Hughes from $76.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $79.00.

Get Our Latest Stock Analysis on Howard Hughes

Insiders Place Their Bets

In other Howard Hughes news, Director Mary Tighe sold 13,495 shares of Howard Hughes stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $67.25, for a total transaction of $907,538.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 47.70% of the stock is owned by insiders.

About Howard Hughes

(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.

See Also

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

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