Hills Bank & Trust Co Takes Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Hills Bank & Trust Co purchased a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,421 shares of the company’s stock, valued at approximately $378,000.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. bought a new stake in shares of Howard Hughes during the 3rd quarter valued at $359,181,000. Baillie Gifford & Co. bought a new position in Howard Hughes during the third quarter worth about $188,891,000. Principal Financial Group Inc. acquired a new position in shares of Howard Hughes during the 3rd quarter worth about $156,887,000. Donald Smith & CO. Inc. increased its stake in shares of Howard Hughes by 62.7% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,023,279 shares of the company’s stock valued at $87,542,000 after acquiring an additional 394,191 shares during the last quarter. Finally, Brandywine Global Investment Management LLC acquired a new stake in shares of Howard Hughes in the 3rd quarter valued at approximately $44,577,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Trading Up 0.8 %

HHH stock traded up $0.51 during midday trading on Thursday, hitting $67.39. 489,467 shares of the company’s stock were exchanged, compared to its average volume of 317,256. Howard Hughes Holdings Inc. has a one year low of $59.00 and a one year high of $86.72. The stock’s fifty day moving average price is $68.69 and its 200-day moving average price is $74.41. The company has a market cap of $3.39 billion, a PE ratio of -6.05 and a beta of 1.49. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.60 and a current ratio of 1.60.

Howard Hughes (NYSE:HHH) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.25. Howard Hughes had a negative return on equity of 0.62% and a negative net margin of 53.88%. The business had revenue of $335.84 million for the quarter, compared to analysts’ expectations of $318.32 million. Research analysts predict that Howard Hughes Holdings Inc. will post 2.69 earnings per share for the current fiscal year.

Insider Activity

In other Howard Hughes news, insider Heath Melton sold 1,926 shares of Howard Hughes stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $72.95, for a total value of $140,501.70. Following the sale, the insider now owns 9,274 shares of the company’s stock, valued at approximately $676,538.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 33.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price objective on shares of Howard Hughes from $90.00 to $84.00 and set an “overweight” rating for the company in a report on Tuesday, April 16th.

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.