Zacks Investment Management Invests $5.42 Million in Howard Hughes Holdings Inc. (NYSE:HHH)

Zacks Investment Management acquired a new stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 69,978 shares of the company's stock, valued at approximately $5,418,000. Zacks Investment Management owned 0.14% of Howard Hughes as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in Howard Hughes during the 3rd quarter worth about $83,000. KBC Group NV grew its stake in Howard Hughes by 34.4% during the third quarter. KBC Group NV now owns 1,122 shares of the company's stock valued at $87,000 after acquiring an additional 287 shares in the last quarter. Headlands Technologies LLC increased its holdings in Howard Hughes by 897.0% during the 2nd quarter. Headlands Technologies LLC now owns 1,336 shares of the company's stock worth $87,000 after acquiring an additional 1,202 shares during the period. US Bancorp DE boosted its holdings in Howard Hughes by 16.2% in the 3rd quarter. US Bancorp DE now owns 1,364 shares of the company's stock valued at $106,000 after purchasing an additional 190 shares during the period. Finally, CWM LLC boosted its stake in Howard Hughes by 912.7% during the third quarter. CWM LLC now owns 1,671 shares of the company's stock valued at $129,000 after buying an additional 1,506 shares during the period. 93.83% of the stock is owned by hedge funds and other institutional investors.

Howard Hughes Price Performance

NYSE HHH traded down $0.76 during trading on Friday, reaching $85.06. The company's stock had a trading volume of 347,164 shares, compared to its average volume of 208,580. The firm has a fifty day moving average of $79.86 and a 200 day moving average of $73.42. Howard Hughes Holdings Inc. has a one year low of $59.00 and a one year high of $87.77. The stock has a market capitalization of $4.26 billion, a PE ratio of 56.33 and a beta of 1.48. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08.

Howard Hughes (NYSE:HHH - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $1.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $1.76. The business had revenue of $327.15 million for the quarter, compared to the consensus estimate of $261.00 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. Howard Hughes's quarterly revenue was up 43.2% on a year-over-year basis. During the same period last year, the firm posted ($0.26) earnings per share. Analysts expect that Howard Hughes Holdings Inc. will post 3.28 EPS for the current fiscal year.

About Howard Hughes

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.