Public Employees Retirement System of Ohio Acquires New Shares in Howard Hughes Holdings Inc. $HHH

Public Employees Retirement System of Ohio acquired a new position in Howard Hughes Holdings Inc. (NYSE:HHH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,090 shares of the company’s stock, valued at approximately $650,000.

Other hedge funds have also recently bought and sold shares of the company. &PARTNERS raised its holdings in Howard Hughes by 3.9% during the fourth quarter. &PARTNERS now owns 5,407 shares of the company’s stock valued at $431,000 after buying an additional 204 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Howard Hughes by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 30,098 shares of the company’s stock worth $2,032,000 after acquiring an additional 217 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of Howard Hughes by 7.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,409 shares of the company’s stock worth $244,000 after acquiring an additional 226 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Howard Hughes by 56.1% during the 4th quarter. Allworth Financial LP now owns 662 shares of the company’s stock valued at $53,000 after acquiring an additional 238 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in shares of Howard Hughes by 8.2% during the 4th quarter. MML Investors Services LLC now owns 3,592 shares of the company’s stock valued at $287,000 after acquiring an additional 273 shares during the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mary Tighe sold 13,495 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $67.25, for a total transaction of $907,538.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 47.70% of the stock is currently owned by insiders.

Howard Hughes Stock Performance

Shares of NYSE HHH opened at $62.83 on Thursday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 1.35. The business’s 50 day moving average is $67.48 and its two-hundred day moving average is $66.36. The company has a market cap of $3.75 billion, a P/E ratio of 12.72 and a beta of 1.14. Howard Hughes Holdings Inc. has a 12 month low of $61.01 and a 12 month high of $91.07.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $0.49 by $2.19. Howard Hughes had a return on equity of 7.51% and a net margin of 12.31%.The company had revenue of $1.12 billion during the quarter. During the same period in the prior year, the company posted ($0.22) earnings per share. The firm’s revenue was up 330.2% compared to the same quarter last year. On average, equities analysts expect that Howard Hughes Holdings Inc. will post 2.77 EPS for the current year.

Wall Street Analysts Forecast Growth

HHH has been the topic of a number of recent analyst reports. Weiss Ratings raised Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Zacks Research downgraded Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. increased their price target on Howard Hughes from $76.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Howard Hughes currently has a consensus rating of “Reduce” and an average target price of $79.00.

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.