Cerity Partners LLC Makes New $712,000 Investment in Howard Hughes Holdings Inc. (NYSE:HHH)

Cerity Partners LLC acquired a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,189 shares of the company's stock, valued at approximately $712,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. LMR Partners LLP bought a new stake in shares of Howard Hughes in the 3rd quarter worth about $1,936,000. MAI Capital Management raised its position in Howard Hughes by 4.3% in the 3rd quarter. MAI Capital Management now owns 32,517 shares of the company's stock worth $2,518,000 after purchasing an additional 1,339 shares during the period. Thrivent Financial for Lutherans lifted its stake in Howard Hughes by 28.8% in the third quarter. Thrivent Financial for Lutherans now owns 33,970 shares of the company's stock worth $2,630,000 after purchasing an additional 7,599 shares during the last quarter. Impax Asset Management Group plc purchased a new position in shares of Howard Hughes during the third quarter valued at approximately $7,743,000. Finally, KBC Group NV boosted its position in shares of Howard Hughes by 34.4% during the third quarter. KBC Group NV now owns 1,122 shares of the company's stock valued at $87,000 after buying an additional 287 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Howard Hughes Trading Down 0.9 %

Shares of HHH stock traded down $0.76 on Friday, reaching $85.06. 347,164 shares of the company's stock were exchanged, compared to its average volume of 208,580. The company's fifty day simple moving average is $79.86 and its 200 day simple moving average is $73.37. Howard Hughes Holdings Inc. has a 52 week low of $59.00 and a 52 week high of $87.77. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $4.26 billion, a PE ratio of 56.33 and a beta of 1.48.

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