SEB Asset Management AB Acquires New Holdings in Howard Hughes Holdings Inc. $HHH

SEB Asset Management AB acquired a new position in Howard Hughes Holdings Inc. (NYSE:HHH) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,059 shares of the company’s stock, valued at approximately $763,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HHH. Dimensional Fund Advisors LP raised its position in shares of Howard Hughes by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,613,905 shares of the company’s stock worth $208,513,000 after buying an additional 116,873 shares in the last quarter. Crcm LP lifted its stake in shares of Howard Hughes by 9.3% in the 4th quarter. Crcm LP now owns 612,839 shares of the company’s stock worth $48,886,000 after acquiring an additional 52,126 shares during the period. Norges Bank acquired a new stake in shares of Howard Hughes in the 4th quarter worth approximately $31,957,000. Gotham Asset Management LLC boosted its holdings in shares of Howard Hughes by 1.3% in the fourth quarter. Gotham Asset Management LLC now owns 341,698 shares of the company’s stock valued at $27,257,000 after acquiring an additional 4,499 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Howard Hughes by 3.3% in the third quarter. Bank of America Corp DE now owns 297,066 shares of the company’s stock valued at $24,410,000 after acquiring an additional 9,613 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

Insider Buying and Selling

In related news, insider James Carman sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $64.20, for a total transaction of $96,300.00. Following the completion of the sale, the insider directly owned 22,096 shares in the company, valued at approximately $1,418,563.20. This trade represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 48.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HHH has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Howard Hughes in a report on Friday, July 17th. Wall Street Zen raised Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. lifted their price target on Howard Hughes from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, Zacks Research cut Howard Hughes from a “hold” rating to a “strong sell” rating in a research report on Tuesday. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Howard Hughes currently has an average rating of “Sell” and an average price target of $79.00.

Howard Hughes Price Performance

Shares of NYSE HHH opened at $65.91 on Friday. Howard Hughes Holdings Inc. has a twelve month low of $61.01 and a twelve month high of $91.07. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.97. The firm has a 50-day moving average of $67.85 and a two-hundred day moving average of $70.22. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 32.31 and a beta of 1.12.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. Howard Hughes had a net margin of 8.04% and a return on equity of 5.41%. The company had revenue of $235.92 million for the quarter. During the same period in the prior year, the firm earned $0.21 EPS. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. As a group, analysts expect that Howard Hughes Holdings Inc. will post 2.77 earnings per share for the current fiscal year.

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.