Howard Hughes Holdings Inc. $HHH Shares Acquired by Comerica Bank

Comerica Bank increased its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 109.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 18,840 shares of the company’s stock after acquiring an additional 9,834 shares during the quarter. Comerica Bank’s holdings in Howard Hughes were worth $1,503,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Ashton Thomas Private Wealth LLC grew its holdings in shares of Howard Hughes by 24.8% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 4,979 shares of the company’s stock worth $397,000 after acquiring an additional 991 shares during the period. Kestra Private Wealth Services LLC acquired a new stake in shares of Howard Hughes in the 4th quarter worth approximately $367,000. Pictet Asset Management Holding SA grew its holdings in shares of Howard Hughes by 13.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,897 shares of the company’s stock worth $391,000 after acquiring an additional 592 shares during the period. Carmel Capital Partners LLC acquired a new stake in shares of Howard Hughes in the 4th quarter worth approximately $217,000. Finally, UBS Group AG grew its holdings in shares of Howard Hughes by 6.2% in the 4th quarter. UBS Group AG now owns 175,547 shares of the company’s stock worth $14,003,000 after acquiring an additional 10,301 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Trading Down 0.9%

Shares of Howard Hughes stock opened at $63.52 on Friday. Howard Hughes Holdings Inc. has a fifty-two week low of $61.01 and a fifty-two week high of $91.07. The firm has a market cap of $3.79 billion, a PE ratio of 30.10 and a beta of 1.15. The business’s fifty day moving average is $65.11 and its two-hundred day moving average is $76.24. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.73.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $235.92 million for the quarter. Howard Hughes had a return on equity of 5.54% and a net margin of 8.40%.The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS. Analysts anticipate that Howard Hughes Holdings Inc. will post 3.01 earnings per share for the current year.

Insider Buying and Selling

In related news, General Counsel Joseph Valane acquired 1,260 shares of the business’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $64.45 per share, with a total value of $81,207.00. Following the completion of the transaction, the general counsel directly owned 29,209 shares of the company’s stock, valued at $1,882,520.05. This trade represents a 4.51% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 48.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Weiss Ratings cut Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. Zacks Research cut Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. Finally, Wall Street Zen cut Howard Hughes from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Howard Hughes presently has an average rating of “Reduce” and an average price target of $85.00.

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.