Howard Hughes Holdings Inc. $HHH Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC lifted its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 31.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 337,199 shares of the company’s stock after acquiring an additional 80,701 shares during the period. Gotham Asset Management LLC’s holdings in Howard Hughes were worth $27,708,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Arizona State Retirement System raised its position in Howard Hughes by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 9,666 shares of the company’s stock valued at $794,000 after purchasing an additional 130 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Howard Hughes by 28.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 665 shares of the company’s stock worth $55,000 after purchasing an additional 149 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in Howard Hughes by 0.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 33,098 shares of the company’s stock worth $2,234,000 after purchasing an additional 160 shares during the last quarter. Allworth Financial LP increased its stake in Howard Hughes by 134.2% in the second quarter. Allworth Financial LP now owns 363 shares of the company’s stock valued at $25,000 after purchasing an additional 208 shares during the period. Finally, California State Teachers Retirement System raised its holdings in shares of Howard Hughes by 0.7% in the second quarter. California State Teachers Retirement System now owns 30,098 shares of the company’s stock valued at $2,032,000 after buying an additional 217 shares during the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

Howard Hughes Trading Down 0.9%

Shares of HHH stock opened at $63.28 on Tuesday. Howard Hughes Holdings Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $91.07. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.73. The business has a fifty day simple moving average of $77.70 and a 200-day simple moving average of $80.49. The stock has a market cap of $3.77 billion, a P/E ratio of 29.99 and a beta of 1.25.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings data on Thursday, February 19th. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $1.26. Howard Hughes had a net margin of 8.40% and a return on equity of 5.54%. The firm had revenue of $624.45 million for the quarter. During the same period in the previous year, the company posted $3.25 earnings per share. Howard Hughes’s revenue was down 36.5% on a year-over-year basis. On average, analysts forecast that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Howard Hughes in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.33.

Insider Buying and Selling

In related news, General Counsel Joseph Valane acquired 1,260 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $64.45 per share, for a total transaction of $81,207.00. Following the transaction, the general counsel directly owned 29,209 shares of the company’s stock, valued at approximately $1,882,520.05. This trade represents a 4.51% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director R Scot Sellers bought 5,000 shares of Howard Hughes stock in a transaction that occurred on Tuesday, December 23rd. The stock was bought at an average cost of $77.94 per share, for a total transaction of $389,700.00. Following the purchase, the director owned 67,517 shares in the company, valued at $5,262,274.98. This represents a 8.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 48.00% of the company’s stock.

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.