JCP Investment Management LLC Invests $822,000 in Howard Hughes Holdings Inc. $HHH

JCP Investment Management LLC bought a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the company’s stock, valued at approximately $822,000. Howard Hughes comprises about 0.5% of JCP Investment Management LLC’s holdings, making the stock its 18th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in Howard Hughes by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,497,032 shares of the company’s stock worth $205,179,000 after acquiring an additional 9,102 shares during the period. American Century Companies Inc. boosted its position in shares of Howard Hughes by 0.3% during the 3rd quarter. American Century Companies Inc. now owns 747,495 shares of the company’s stock valued at $61,422,000 after purchasing an additional 2,595 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Howard Hughes by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 567,967 shares of the company’s stock valued at $38,343,000 after purchasing an additional 2,427 shares in the last quarter. Crcm LP grew its stake in Howard Hughes by 82.5% during the third quarter. Crcm LP now owns 560,713 shares of the company’s stock worth $46,074,000 after purchasing an additional 253,490 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Howard Hughes by 98.3% during the third quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company’s stock worth $45,757,000 after purchasing an additional 276,083 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Stock Up 3.3%

Shares of NYSE HHH opened at $63.86 on Monday. 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 firm has a market cap of $3.81 billion, a PE ratio of 30.26 and a beta of 1.25. The company’s fifty day simple moving average is $78.02 and its 200 day simple moving average is $80.58. Howard Hughes Holdings Inc. has a 12-month low of $61.40 and a 12-month high of $91.07.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results on Thursday, February 19th. The company reported $1.57 earnings per share for the quarter, beating 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 firm had revenue of $624.45 million during the quarter. During the same period last year, the firm posted $3.25 earnings per share. The company’s revenue for the quarter was down 36.5% on a year-over-year basis. As a group, sell-side analysts forecast that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director R Scot Sellers bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was acquired at an average cost of $77.94 per share, with a total value of $389,700.00. Following the transaction, the director directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 48.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Howard Hughes 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.