Capital Fund Management S.A. purchased a new stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 21,124 shares of the company's stock, valued at approximately $1,625,000.
Several other large investors also recently added to or reduced their stakes in HHH. DRW Securities LLC grew its holdings in shares of Howard Hughes by 999.7% during the 4th quarter. DRW Securities LLC now owns 72,128 shares of the company's stock worth $5,548,000 after purchasing an additional 65,569 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Howard Hughes during the fourth quarter valued at about $422,000. Bank of Nova Scotia purchased a new stake in shares of Howard Hughes in the 4th quarter valued at approximately $5,686,000. Invesco Ltd. lifted its holdings in shares of Howard Hughes by 0.4% in the 4th quarter. Invesco Ltd. now owns 85,907 shares of the company's stock worth $6,608,000 after acquiring an additional 332 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Howard Hughes by 33.5% during the 4th quarter. Cerity Partners LLC now owns 12,271 shares of the company's stock worth $946,000 after purchasing an additional 3,082 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.
Howard Hughes Trading Up 1.0 %
Shares of HHH stock traded up $0.64 on Friday, hitting $66.25. The stock had a trading volume of 204,876 shares, compared to its average volume of 317,843. The company's 50 day moving average price is $72.55 and its 200-day moving average price is $76.47. Howard Hughes Holdings Inc. has a 1 year low of $59.83 and a 1 year high of $87.77. The firm has a market capitalization of $3.34 billion, a P/E ratio of 43.88 and a beta of 1.14. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08.
Howard Hughes (NYSE:HHH - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.40. The firm had revenue of $983.59 million during the quarter, compared to analysts' expectations of $949.18 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. Analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.
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.
Further Reading
Before you consider Howard Hughes, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Howard Hughes wasn't on the list.
While Howard Hughes currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
