Jackson Creek Investment Advisors LLC Purchases Shares of 17,800 Howard Hughes Holdings Inc. $HHH

Jackson Creek Investment Advisors LLC acquired a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) in the 3rd quarter, Holdings Channel reports. The fund acquired 17,800 shares of the company’s stock, valued at approximately $1,463,000.

Other large investors have also recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of Howard Hughes by 134.2% in the 2nd quarter. Allworth Financial LP now owns 363 shares of the company’s stock valued at $25,000 after acquiring an additional 208 shares during the period. TD Waterhouse Canada Inc. increased its holdings in shares of Howard Hughes by 291.0% in the second quarter. TD Waterhouse Canada Inc. now owns 391 shares of the company’s stock valued at $27,000 after purchasing an additional 291 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Howard Hughes in the third quarter valued at about $31,000. EverSource Wealth Advisors LLC raised its stake 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 lifted its holdings in shares of Howard Hughes by 69.6% during 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. 93.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Howard Hughes news, Director R Scot Sellers purchased 5,000 shares of Howard Hughes 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 $5,262,274.98. This trade represents a 8.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mary Ann Tighe sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $88.83, for a total value of $532,980.00. Following the completion of the sale, the director directly 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. The disclosure for this sale is available in the SEC filing. Corporate insiders own 48.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Howard Hughes Trading Down 2.4%

Howard Hughes stock opened at $79.70 on Tuesday. The firm has a market cap of $4.73 billion, a PE ratio of 15.54 and a beta of 1.24. Howard Hughes Holdings Inc. has a 12 month low of $61.40 and a 12 month high of $91.07. The stock’s 50 day simple moving average is $82.86 and its two-hundred day simple moving average is $79.79. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.80.

Howard Hughes (NYSE:HHH) last posted its earnings results on Monday, November 10th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.46. The firm 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 business’s revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.95 EPS. Analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.

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.