Fox Run Management L.L.C. Makes New $1.02 Million Investment in Howard Hughes Holdings Inc. $HHH

Fox Run Management L.L.C. bought a new stake in Howard Hughes Holdings Inc. (NYSE:HHH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,351 shares of the company’s stock, valued at approximately $1,015,000.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP boosted its position in shares of Howard Hughes by 134.2% in the 2nd quarter. Allworth Financial LP now owns 363 shares of the company’s stock worth $25,000 after buying an additional 208 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in Howard Hughes by 291.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 391 shares of the company’s stock valued at $27,000 after acquiring an additional 291 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Howard Hughes during the 3rd quarter valued at about $31,000. EverSource Wealth Advisors LLC raised its position in Howard Hughes by 191.5% during the second quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock worth $35,000 after acquiring an additional 339 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Howard Hughes by 69.6% in the third quarter. CWM LLC now owns 665 shares of the company’s stock valued at $55,000 after purchasing an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Insider Buying and Selling at Howard Hughes

In other Howard Hughes news, Director R Scot Sellers acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The shares were acquired at an average price of $77.94 per share, for a total transaction of $389,700.00. Following the completion of the acquisition, the director directly owned 67,517 shares of the company’s stock, valued at $5,262,274.98. This trade represents a 8.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 48.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Howard Hughes in a research report on Monday, December 29th. Wall Street Zen raised Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $83.33.

Howard Hughes Stock Performance

Shares of NYSE HHH opened at $72.75 on Thursday. The company has a 50-day simple moving average of $80.66 and a 200-day simple moving average of $80.98. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $4.34 billion, a PE ratio of 34.48 and a beta of 1.24. Howard Hughes Holdings Inc. has a 12 month low of $61.40 and a 12 month high of $91.07.

Howard Hughes (NYSE:HHH) last announced its earnings results on Thursday, February 19th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). The firm had revenue of $624.45 million for the quarter. Howard Hughes had a return on equity of 5.57% and a net margin of 8.40%.The business’s revenue was down 36.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.25 EPS. On average, equities analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current 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. 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.