KLP Kapitalforvaltning AS Acquires Shares of 7,000 Howard Hughes Holdings Inc. (NYSE:HHH)

KLP Kapitalforvaltning AS purchased a new stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,000 shares of the company's stock, valued at approximately $538,000.

Several other hedge funds have also added to or reduced their stakes in HHH. American Century Companies Inc. raised its holdings in Howard Hughes by 50.3% in the 4th quarter. American Century Companies Inc. now owns 624,769 shares of the company's stock valued at $48,057,000 after acquiring an additional 209,217 shares during the period. Quantbot Technologies LP bought a new position in shares of Howard Hughes during the fourth quarter worth approximately $1,503,000. Northwest & Ethical Investments L.P. bought a new position in shares of Howard Hughes during the fourth quarter worth approximately $1,606,000. Pin Oak Investment Advisors Inc. lifted its holdings in Howard Hughes by 0.3% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 53,135 shares of the company's stock worth $4,114,000 after purchasing an additional 144 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. bought a new stake in Howard Hughes in the 4th quarter valued at $262,000. Institutional investors and hedge funds own 93.83% of the company's stock.

Howard Hughes Stock Performance

NYSE HHH traded down $1.34 on Tuesday, reaching $63.44. The stock had a trading volume of 454,505 shares, compared to its average volume of 327,156. Howard Hughes Holdings Inc. has a 1-year low of $59.00 and a 1-year high of $87.77. 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 company has a market cap of $3.20 billion, a P/E ratio of 42.01 and a beta of 1.14. The firm has a fifty day moving average of $74.37 and a two-hundred day moving average of $77.16.

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