Northern Right Capital Management L.P. Raises Position in Howard Hughes Holdings Inc. $HHH

Northern Right Capital Management L.P. lifted its stake in Howard Hughes Holdings Inc. (NYSE:HHH) by 15.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 302,450 shares of the company’s stock after acquiring an additional 41,095 shares during the period. Howard Hughes makes up about 7.7% of Northern Right Capital Management L.P.’s holdings, making the stock its 2nd largest holding. Northern Right Capital Management L.P.’s holdings in Howard Hughes were worth $24,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in HHH. Allworth Financial LP increased its position in shares of Howard Hughes by 134.2% during the second quarter. Allworth Financial LP now owns 363 shares of the company’s stock valued at $25,000 after buying an additional 208 shares during the period. 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 worth $27,000 after acquiring an additional 291 shares during the period. Global Retirement Partners LLC purchased a new stake in Howard Hughes in the 3rd quarter worth approximately $31,000. EverSource Wealth Advisors LLC grew its position in shares of Howard Hughes by 191.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after purchasing an additional 339 shares in the last quarter. Finally, CWM LLC increased 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 worth $55,000 after purchasing an additional 273 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Howard Hughes in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Howard Hughes has an average rating of “Hold” and an average price target of $83.33.

Howard Hughes Stock Down 0.9%

HHH stock opened at $63.28 on Tuesday. The business’s 50-day moving average price is $77.70 and its 200-day moving average price is $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. 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 Holdings Inc. has a twelve month low of $61.40 and a twelve month high of $91.07.

Howard Hughes (NYSE:HHH) last released its earnings results on Thursday, February 19th. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $1.26. Howard Hughes had a net margin of 8.40% and a return on equity of 5.54%. The company had revenue of $624.45 million during the quarter. During the same period in the prior year, the company posted $3.25 earnings per share. The company’s revenue was down 36.5% compared to the same quarter last year. On average, equities research analysts forecast that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

Insider Buying and Selling at Howard Hughes

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

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.