Impax Asset Management Group plc Acquires New Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Impax Asset Management Group plc acquired a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 100,000 shares of the company's stock, valued at approximately $7,743,000. Impax Asset Management Group plc owned about 0.20% of Howard Hughes as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in HHH. Headlands Technologies LLC increased its position in Howard Hughes by 897.0% during the second quarter. Headlands Technologies LLC now owns 1,336 shares of the company's stock worth $87,000 after buying an additional 1,202 shares during the period. KBC Group NV raised its position in Howard Hughes by 34.4% in the 3rd quarter. KBC Group NV now owns 1,122 shares of the company's stock valued at $87,000 after purchasing an additional 287 shares during the last quarter. US Bancorp DE raised its position in Howard Hughes by 16.2% in the 3rd quarter. US Bancorp DE now owns 1,364 shares of the company's stock valued at $106,000 after purchasing an additional 190 shares during the last quarter. Innealta Capital LLC acquired a new stake in Howard Hughes during the 2nd quarter worth $116,000. Finally, CWM LLC grew its position in Howard Hughes by 912.7% during the 3rd quarter. CWM LLC now owns 1,671 shares of the company's stock worth $129,000 after purchasing an additional 1,506 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

Howard Hughes Stock Performance

Shares of NYSE:HHH traded down $0.95 on Friday, reaching $79.91. The company's stock had a trading volume of 265,699 shares, compared to its average volume of 286,327. 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 Holdings Inc. has a 52-week low of $59.00 and a 52-week high of $86.72. The stock's 50-day moving average is $77.23 and its two-hundred day moving average is $71.49. The stock has a market capitalization of $4.01 billion, a P/E ratio of 52.90 and a beta of 1.46.

Howard Hughes (NYSE:HHH - Get Free Report) last posted its quarterly earnings data 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. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The company had revenue of $327.15 million during the quarter, compared to analysts' expectations of $261.00 million. During the same period last year, the firm earned ($0.26) EPS. The firm's revenue for the quarter was up 43.2% on a year-over-year basis. As a group, sell-side analysts forecast that Howard Hughes Holdings Inc. will post 3.28 EPS for the current year.

About Howard Hughes

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.