Egerton Capital UK LLP bought a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 443,963 shares of the company's stock, valued at approximately $34,150,000. Egerton Capital UK LLP owned about 0.89% of Howard Hughes at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new position in Howard Hughes during the fourth quarter worth $40,000. Wilmington Savings Fund Society FSB bought a new position in Howard Hughes during the third quarter worth $46,000. Sugar Maple Asset Management LLC bought a new position in Howard Hughes during the fourth quarter worth $47,000. Truvestments Capital LLC bought a new position in Howard Hughes during the third quarter worth $83,000. Finally, KBC Group NV boosted its position in Howard Hughes by 34.4% during the third quarter. KBC Group NV now owns 1,122 shares of the company's stock worth $87,000 after purchasing an additional 287 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.
Howard Hughes Stock Performance
HHH stock traded up $1.52 during midday trading on Friday, reaching $73.44. 226,772 shares of the company were exchanged, compared to its average volume of 501,569. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50-day moving average price of $75.58 and a two-hundred day moving average price of $77.44. Howard Hughes Holdings Inc. has a one year low of $59.00 and a one year high of $87.77. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 48.64 and a beta of 1.48.
Howard Hughes (NYSE:HHH - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $3.25 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 6.57% and a return on equity of 3.38%. Equities research analysts forecast that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.
Howard Hughes Profile
(
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.
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