Candriam S.C.A. Purchases 33,228 Shares of Howard Hughes Holdings Inc. $HHH

Candriam S.C.A. raised its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 158.9% during the first quarter, Holdings Channel.com reports. The fund owned 54,136 shares of the company’s stock after purchasing an additional 33,228 shares during the quarter. Candriam S.C.A.’s holdings in Howard Hughes were worth $3,425,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of HHH. Signaturefd LLC increased its holdings in Howard Hughes by 41.5% during the 4th quarter. Signaturefd LLC now owns 423 shares of the company’s stock valued at $34,000 after purchasing an additional 124 shares during the period. EverSource Wealth Advisors LLC raised its position in Howard Hughes by 191.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after purchasing an additional 339 shares during the last quarter. Huntington National Bank lifted its holdings in Howard Hughes by 134.1% in the 4th quarter. Huntington National Bank now owns 494 shares of the company’s stock worth $39,000 after buying an additional 283 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in Howard Hughes in the 4th quarter worth approximately $43,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Howard Hughes in the 4th quarter worth approximately $43,000. 93.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HHH has been the topic of several research analyst reports. Wall Street Zen raised Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings lowered Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. Finally, Zacks Research upgraded shares of Howard Hughes from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Howard Hughes currently has a consensus rating of “Reduce” and a consensus target price of $85.00.

Insider Transactions at Howard Hughes

In related news, insider James Carman sold 1,500 shares of the 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 transaction, the insider owned 22,096 shares in the company, valued at $1,418,563.20. This represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 48.00% of the company’s stock.

Howard Hughes Stock Performance

Howard Hughes stock opened at $71.72 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $4.28 billion, a P/E ratio of 35.16 and a beta of 1.12. The stock’s 50 day moving average is $67.01 and its 200 day moving average is $70.82. Howard Hughes Holdings Inc. has a twelve month low of $61.01 and a twelve month high of $91.07.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results 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. The firm had revenue of $235.92 million during the quarter. Howard Hughes had a return on equity of 5.41% and a net margin of 8.04%.Howard Hughes’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 EPS. On average, equities research analysts predict that Howard Hughes Holdings Inc. will post 3.01 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.