Retirement Planning Co of New England Inc. acquired a new position in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,410 shares of the company's stock, valued at approximately $262,000.
Several other institutional investors also recently modified their holdings of HHH. Oppenheimer Asset Management Inc. increased its position in shares of Howard Hughes by 44.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 6,987 shares of the company's stock worth $541,000 after purchasing an additional 2,160 shares during the last quarter. KBC Group NV increased its position in shares of Howard Hughes by 34.4% in the third quarter. KBC Group NV now owns 1,122 shares of the company's stock worth $87,000 after purchasing an additional 287 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Howard Hughes by 28.8% in the third quarter. Thrivent Financial for Lutherans now owns 33,970 shares of the company's stock worth $2,630,000 after purchasing an additional 7,599 shares during the last quarter. MAI Capital Management grew its position in Howard Hughes by 4.3% during the third quarter. MAI Capital Management now owns 32,517 shares of the company's stock valued at $2,518,000 after acquiring an additional 1,339 shares during the last quarter. Finally, LMR Partners LLP bought a new position in Howard Hughes during the third quarter valued at approximately $1,936,000. 93.83% of the stock is currently owned by institutional investors.
Howard Hughes Price Performance
NYSE HHH traded down $0.74 on Friday, reaching $74.90. 362,956 shares of the company's stock traded hands, compared to its average volume of 329,957. 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 stock has a 50-day simple moving average of $75.68 and a 200 day simple moving average of $77.41. The stock has a market cap of $3.78 billion, a PE ratio of 49.60 and a beta of 1.48.
Howard Hughes (NYSE:HHH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $3.25 EPS for the quarter, beating analysts' consensus estimates of $2.85 by $0.40. The business had revenue of $983.59 million for 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, research analysts predict that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.
About Howard Hughes
(
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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