LMR Partners LLP Invests $1.94 Million in Howard Hughes Holdings Inc. (NYSE:HHH)

LMR Partners LLP purchased a new stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,000 shares of the company's stock, valued at approximately $1,936,000.

A number of other institutional investors also recently bought and sold shares of the business. Donald Smith & CO. Inc. grew its position in shares of Howard Hughes by 27.5% in the 2nd quarter. Donald Smith & CO. Inc. now owns 1,652,046 shares of the company's stock valued at $107,086,000 after buying an additional 356,025 shares during the last quarter. New South Capital Management Inc. increased its position in shares of Howard Hughes by 0.4% during the second quarter. New South Capital Management Inc. now owns 609,289 shares of the company's stock worth $39,494,000 after purchasing an additional 2,698 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Howard Hughes by 4.3% in the 2nd quarter. Clearbridge Investments LLC now owns 340,194 shares of the company's stock valued at $22,051,000 after purchasing an additional 13,880 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Howard Hughes by 81.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 337,440 shares of the company's stock valued at $24,505,000 after purchasing an additional 151,341 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Howard Hughes by 0.5% during the 3rd quarter. Victory Capital Management Inc. now owns 313,656 shares of the company's stock worth $24,286,000 after buying an additional 1,475 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Howard Hughes Stock Performance

NYSE HHH traded up $0.24 on Tuesday, reaching $79.45. The stock had a trading volume of 195,233 shares, compared to its average volume of 285,688. The stock has a market cap of $3.98 billion, a P/E ratio of 52.62 and a beta of 1.46. Howard Hughes Holdings Inc. has a 12-month low of $59.00 and a 12-month high of $86.72. The business's 50-day moving average price is $77.50 and its 200 day moving average price is $71.75. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08.

Howard Hughes (NYSE:HHH - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $1.76. The firm had revenue of $327.15 million during the quarter, compared to analysts' expectations of $261.00 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. Howard Hughes's quarterly revenue was up 43.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.26) EPS. As a group, equities analysts expect that Howard Hughes Holdings Inc. will post 3.28 earnings per share for the current year.

Howard Hughes Company Profile

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.