OFI Invest Asset Management Buys Shares of 5,000 Howard Hughes Holdings Inc. (NYSE:HHH)

OFI Invest Asset Management acquired a new position in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,000 shares of the company's stock, valued at approximately $371,000.

A number of other large investors also recently modified their holdings of HHH. Jones Financial Companies Lllp bought a new stake in Howard Hughes in the 4th quarter worth about $40,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Howard Hughes in the 3rd quarter worth approximately $46,000. Sugar Maple Asset Management LLC bought a new position in shares of Howard Hughes in the fourth quarter valued at approximately $47,000. Truvestments Capital LLC purchased a new stake in shares of Howard Hughes during the third quarter valued at approximately $83,000. Finally, KBC Group NV lifted its holdings 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 acquiring an additional 287 shares during the period. Institutional investors own 93.83% of the company's stock.

Howard Hughes Stock Performance

Shares of Howard Hughes stock traded up $1.52 during trading hours on Friday, hitting $73.44. 226,772 shares of the company's stock traded hands, compared to its average volume of 501,569. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 48.64 and a beta of 1.48. Howard Hughes Holdings Inc. has a 12-month low of $59.00 and a 12-month 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 fifty day simple moving average of $75.64 and a 200-day simple moving average of $77.43.

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Howard Hughes (NYSE:HHH - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $983.59 million during the quarter, compared to the consensus estimate of $949.18 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. Equities research analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal 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.