Norges Bank Buys Shares of 380,743 Howard Hughes Holdings Inc. (NYSE:HHH)

Norges Bank bought a new position in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 380,743 shares of the company's stock, valued at approximately $29,287,000. Norges Bank owned approximately 0.76% of Howard Hughes at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Egerton Capital UK LLP purchased a new position in Howard Hughes during the fourth quarter worth approximately $34,150,000. JPMorgan Chase & Co. increased its stake in shares of Howard Hughes by 225.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 487,092 shares of the company's stock worth $37,716,000 after acquiring an additional 337,514 shares during the last quarter. River Road Asset Management LLC raised its holdings in shares of Howard Hughes by 235.9% during the 4th quarter. River Road Asset Management LLC now owns 312,566 shares of the company's stock worth $24,043,000 after acquiring an additional 219,514 shares during the period. American Century Companies Inc. boosted its position in shares of Howard Hughes by 50.3% during 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 last quarter. Finally, Rule One Partners LLC purchased a new stake in shares of Howard Hughes in the third quarter valued at about $12,544,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Trading Up 1.3 %

Howard Hughes stock traded up $0.83 during midday trading on Friday, hitting $65.25. 320,705 shares of the stock were exchanged, compared to its average volume of 324,279. 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 $3.29 billion, a price-to-earnings ratio of 43.21 and a beta of 1.14. The stock's 50-day simple moving average is $73.57 and its 200 day simple moving average is $76.86. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $87.77.

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Howard Hughes (NYSE:HHH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $949.18 million. On average, equities analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

Howard Hughes Company 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.