Howard Hughes Holdings Inc. $HHH Position Increased by AlphaQuest LLC

AlphaQuest LLC boosted its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 80.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,077 shares of the company’s stock after buying an additional 15,223 shares during the quarter. AlphaQuest LLC’s holdings in Howard Hughes were worth $2,800,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HHH. SG Americas Securities LLC grew its holdings in shares of Howard Hughes by 1,183.2% during the 3rd quarter. SG Americas Securities LLC now owns 25,716 shares of the company’s stock valued at $2,113,000 after acquiring an additional 23,712 shares in the last quarter. Brighton Jones LLC purchased a new stake in shares of Howard Hughes during the fourth quarter worth $511,000. Annex Advisory Services LLC acquired a new stake in Howard Hughes during the third quarter valued at $1,224,000. TrueMark Investments LLC purchased a new position in Howard Hughes in the third quarter valued at about $1,318,000. Finally, Legal & General Group Plc grew its stake in Howard Hughes by 67.9% in the second quarter. Legal & General Group Plc now owns 53,764 shares of the company’s stock valued at $3,629,000 after purchasing an additional 21,750 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

Insiders Place Their Bets

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 shares were purchased at an average price 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 purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mary Ann Tighe sold 6,000 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $88.83, for a total transaction of $532,980.00. Following the sale, the director owned 13,495 shares of the company’s stock, valued at $1,198,760.85. This trade represents a 30.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 48.00% of the stock is currently owned by insiders.

Howard Hughes Stock Performance

Shares of NYSE HHH opened at $81.58 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 15.90 and a beta of 1.22. The business’s 50-day simple moving average is $82.97 and its 200-day simple moving average is $79.56. Howard Hughes Holdings Inc. has a 52 week low of $61.40 and a 52 week high of $91.07.

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

Analyst Ratings Changes

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

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.