Bank of Nova Scotia Makes New Investment in Howard Hughes Holdings Inc. (NYSE:HHH)

Bank of Nova Scotia bought a new position in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 73,921 shares of the company's stock, valued at approximately $5,686,000. Bank of Nova Scotia owned approximately 0.15% of Howard Hughes at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Invesco Ltd. increased its holdings in shares of Howard Hughes by 0.4% in the fourth quarter. Invesco Ltd. now owns 85,907 shares of the company's stock valued at $6,608,000 after buying an additional 332 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Howard Hughes by 33.5% in the 4th quarter. Cerity Partners LLC now owns 12,271 shares of the company's stock valued at $946,000 after purchasing an additional 3,082 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Howard Hughes by 5.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 13,679 shares of the company's stock valued at $1,052,000 after purchasing an additional 683 shares during the period. Wells Fargo & Company MN raised its holdings in Howard Hughes by 1.6% during the 4th quarter. Wells Fargo & Company MN now owns 10,707 shares of the company's stock worth $824,000 after buying an additional 173 shares during the period. Finally, Donald Smith & CO. Inc. lifted its stake in Howard Hughes by 0.6% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,661,280 shares of the company's stock valued at $127,786,000 after buying an additional 9,093 shares in the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

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Howard Hughes Trading Down 0.1 %

Shares of Howard Hughes stock traded down $0.06 during trading on Tuesday, hitting $65.97. The stock had a trading volume of 147,427 shares, compared to its average volume of 322,610. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $3.33 billion, a PE ratio of 43.69 and a beta of 1.14. Howard Hughes Holdings Inc. has a 1 year low of $59.00 and a 1 year high of $87.77. The stock has a 50 day simple moving average of $73.37 and a 200 day simple moving average of $76.77.

Howard Hughes (NYSE:HHH - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.85 by $0.40. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The company had revenue of $983.59 million during the quarter, compared to analyst estimates of $949.18 million. On average, research analysts expect that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal year.

Howard Hughes 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.