8,413 Shares in Howard Hughes Holdings Inc. $HHH Purchased by Womack Financial LLC

Womack Financial LLC bought a new stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 8,413 shares of the company’s stock, valued at approximately $601,000.

A number of other large investors also recently added to or reduced their stakes in the business. Allworth Financial LP bought a new stake in shares of Howard Hughes during the second quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its holdings in Howard Hughes by 191.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after acquiring an additional 339 shares during the last quarter. Huntington National Bank lifted its stake in Howard Hughes by 134.1% in the 4th quarter. Huntington National Bank now owns 494 shares of the company’s stock worth $39,000 after purchasing an additional 283 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Howard Hughes in the 4th quarter worth $43,000. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Howard Hughes during the 4th quarter valued at about $43,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

Howard Hughes Stock Up 0.6%

Shares of NYSE:HHH opened at $66.92 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.08. Howard Hughes Holdings Inc. has a 12 month low of $61.01 and a 12 month high of $91.07. The company has a 50-day moving average price of $68.65 and a 200 day moving average price of $67.89. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 13.55 and a beta of 1.14.

Howard Hughes (NYSE:HHH) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.68 EPS for the quarter, topping the consensus estimate of $0.49 by $2.19. Howard Hughes had a return on equity of 10.19% and a net margin of 12.31%.The company had revenue of $1.12 billion during the quarter. During the same quarter in the prior year, the business posted ($0.22) EPS. The company’s revenue was up 330.2% on a year-over-year basis. As a group, equities research analysts predict that Howard Hughes Holdings Inc. will post 2.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HHH. Wall Street Zen upgraded Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. increased their price target on Howard Hughes from $76.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, Zacks Research cut Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $79.00.

Insider Activity at Howard Hughes

In other news, Director Mary Ann Tighe sold 13,495 shares of Howard Hughes stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $67.25, for a total value of $907,538.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 47.70% of the company’s stock.

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. Its MPCs segment develops, sells, and leases residential and commercial land designated for long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona.