Wright Investors Service Inc. Buys New Shares in Howard Hughes Holdings Inc. (NYSE:HHH)

Wright Investors Service Inc. bought a new stake in Howard Hughes Holdings Inc. (NYSE:HHH) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,952 shares of the company’s stock, valued at approximately $1,467,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Treasurer of the State of North Carolina grew its position in Howard Hughes by 0.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 14,926 shares of the company’s stock valued at $1,277,000 after purchasing an additional 140 shares in the last quarter. Arizona State Retirement System grew its position in Howard Hughes by 2.2% in the second quarter. Arizona State Retirement System now owns 9,143 shares of the company’s stock valued at $593,000 after purchasing an additional 197 shares in the last quarter. Hsbc Holdings PLC grew its position in Howard Hughes by 0.4% in the second quarter. Hsbc Holdings PLC now owns 52,235 shares of the company’s stock valued at $3,359,000 after purchasing an additional 227 shares in the last quarter. LDR Capital Management LLC lifted its stake in Howard Hughes by 1.9% in the first quarter. LDR Capital Management LLC now owns 17,491 shares of the company’s stock valued at $1,270,000 after acquiring an additional 321 shares during the last quarter. Finally, Beech Hill Advisors Inc. lifted its stake in Howard Hughes by 5.6% in the first quarter. Beech Hill Advisors Inc. now owns 6,650 shares of the company’s stock valued at $483,000 after acquiring an additional 350 shares during the last quarter. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Stock Performance

HHH stock traded down $0.07 during trading hours on Friday, reaching $76.51. The stock had a trading volume of 120,484 shares, compared to its average volume of 296,896. The stock has a market capitalization of $3.85 billion, a PE ratio of -6.52 and a beta of 1.45. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a 50-day simple moving average of $73.32 and a 200 day simple moving average of $69.16. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $86.72.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings results on Friday, July 26th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14. The firm had revenue of $317.40 million during the quarter, compared to analysts’ expectations of $239.73 million. Howard Hughes had a negative net margin of 49.52% and a negative return on equity of 0.33%. The company’s revenue for the quarter was up 42.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.39) earnings per share. Analysts predict that Howard Hughes Holdings Inc. will post 3.05 EPS for the current fiscal year.

Howard Hughes Company 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.