Raymond James Financial Inc. bought a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,490 shares of the company's stock, valued at approximately $422,000.
Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in Howard Hughes during the fourth quarter valued at $511,000. KBC Group NV raised its position in Howard Hughes by 40.1% during the fourth quarter. KBC Group NV now owns 1,572 shares of the company's stock valued at $121,000 after acquiring an additional 450 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Howard Hughes by 225.6% in the third quarter. JPMorgan Chase & Co. now owns 487,092 shares of the company's stock valued at $37,716,000 after acquiring an additional 337,514 shares during the period. Rule One Partners LLC acquired a new position in Howard Hughes in the third quarter valued at approximately $12,544,000. Finally, FMR LLC boosted its position in Howard Hughes by 46.9% in the 3rd quarter. FMR LLC now owns 5,985 shares of the company's stock worth $463,000 after purchasing an additional 1,910 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.
Howard Hughes Stock Performance
Shares of NYSE HHH traded up $0.83 during midday trading on Friday, reaching $65.25. 320,705 shares of the stock were exchanged, compared to its average volume of 323,721. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. The firm has a 50-day simple moving average of $73.57 and a two-hundred day simple moving average of $76.86. Howard Hughes Holdings Inc. has a twelve month low of $59.00 and a twelve month high of $87.77. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 43.21 and a beta of 1.14.
Howard Hughes (NYSE:HHH - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $3.25 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.40. The company 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%. As a group, analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal year.
Howard Hughes Company Profile
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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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