TrueMark Investments LLC Takes Position in Howard Hughes Holdings Inc. $HHH

TrueMark Investments LLC acquired a new position in Howard Hughes Holdings Inc. (NYSE:HHH) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 16,038 shares of the company’s stock, valued at approximately $1,318,000.

Several other large investors also recently added to or reduced their stakes in the business. Allworth Financial LP grew its position in Howard Hughes by 134.2% during the second 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. Global Retirement Partners LLC bought a new stake in shares of Howard Hughes during the 3rd quarter valued at about $31,000. TD Waterhouse Canada Inc. grew its holdings in shares of Howard Hughes by 291.0% during the second quarter. TD Waterhouse Canada Inc. now owns 391 shares of the company’s stock worth $27,000 after purchasing an additional 291 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Howard Hughes by 191.5% in the second quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock worth $35,000 after purchasing an additional 339 shares during the last quarter. Finally, CWM LLC raised its stake in 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. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Trading Down 1.9%

HHH stock opened at $81.15 on Friday. The company has a market capitalization of $4.82 billion, a PE ratio of 15.82 and a beta of 1.22. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.18 and a current ratio of 1.18. Howard Hughes Holdings Inc. has a one year low of $61.40 and a one year high of $91.07. The company’s 50 day moving average price is $83.16 and its two-hundred day moving average price is $79.18.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings data on Monday, November 10th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. The company had revenue of $390.24 million during the quarter, compared to analysts’ expectations of $331.52 million. Howard Hughes had a net margin of 14.95% and a return on equity of 11.06%. The firm’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.95 EPS. As a group, analysts predict that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Activity

In related 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 cost of $77.94 per share, for a total transaction of $389,700.00. Following the acquisition, the director directly owned 67,517 shares of the company’s stock, valued at $5,262,274.98. The trade was a 8.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Ann Tighe sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $88.83, for a total value of $532,980.00. Following the transaction, the director owned 13,495 shares in the company, valued at approximately $1,198,760.85. The trade was a 30.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 48.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HHH shares. Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Howard Hughes in a report on Monday, December 29th. Finally, Zacks Research cut Howard Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $83.33.

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.