Clearbridge Investments LLC Purchases 13,880 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Clearbridge Investments LLC grew its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 4.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 340,194 shares of the company’s stock after acquiring an additional 13,880 shares during the quarter. Clearbridge Investments LLC owned about 0.68% of Howard Hughes worth $22,051,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Treasurer of the State of North Carolina increased its holdings in shares of Howard Hughes by 0.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 14,926 shares of the company’s stock worth $1,277,000 after buying an additional 140 shares during the last quarter. Cibc World Markets Corp purchased a new position in shares of Howard Hughes in the 4th quarter worth approximately $931,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Howard Hughes during the 4th quarter valued at approximately $2,915,000. ADAR1 Capital Management LLC purchased a new stake in Howard Hughes during the 4th quarter valued at $257,000. Finally, Pershing Square Capital Management L.P. boosted its stake in Howard Hughes by 12.2% during the fourth quarter. Pershing Square Capital Management L.P. now owns 18,852,064 shares of the company’s stock worth $1,612,794,000 after buying an additional 2,045,156 shares during the period. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Stock Down 0.1 %

Shares of NYSE HHH opened at $76.51 on Friday. The company has a market cap of $3.85 billion, a P/E ratio of -6.52 and a beta of 1.45. The firm has a 50-day simple moving average of $73.32 and a two-hundred day simple moving average of $69.16. Howard Hughes Holdings Inc. has a 1 year low of $59.00 and a 1 year high of $86.72. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.35.

Howard Hughes (NYSE:HHH) last issued its earnings results on Friday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14. Howard Hughes had a negative net margin of 49.52% and a negative return on equity of 0.33%. The firm had revenue of $317.40 million during the quarter, compared to analyst estimates of $239.73 million. During the same period in the previous year, the firm earned ($0.39) earnings per share. The business’s revenue was up 42.1% on a year-over-year basis. Research analysts anticipate that Howard Hughes Holdings Inc. will post 3.05 earnings per share for the current 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.