HighTower Advisors LLC Grows Position in Howard Hughes Holdings Inc. (NYSE:HHH)

HighTower Advisors LLC raised its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 10.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,228 shares of the company’s stock after acquiring an additional 1,031 shares during the period. HighTower Advisors LLC’s holdings in Howard Hughes were worth $864,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Point72 DIFC Ltd lifted its position in shares of Howard Hughes by 2.0% during the third quarter. Point72 DIFC Ltd now owns 7,543 shares of the company’s stock valued at $584,000 after purchasing an additional 147 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its stake in Howard Hughes by 0.5% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 52,991 shares of the company’s stock valued at $4,103,000 after buying an additional 240 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Howard Hughes by 6.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,963 shares of the company’s stock worth $305,000 after buying an additional 250 shares in the last quarter. Carmel Capital Partners LLC boosted its stake in shares of Howard Hughes by 6.3% in the 4th quarter. Carmel Capital Partners LLC now owns 6,103 shares of the company’s stock worth $469,000 after buying an additional 364 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Howard Hughes by 30.7% in the fourth quarter. US Bancorp DE now owns 1,783 shares of the company’s stock valued at $137,000 after acquiring an additional 419 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Howard Hughes Stock Performance

Shares of HHH opened at $75.44 on Friday. The stock has a 50 day moving average of $75.51 and a 200 day moving average of $77.47. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98. Howard Hughes Holdings Inc. has a 12 month low of $59.00 and a 12 month high of $87.77. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 49.96 and a beta of 1.48.

Howard Hughes (NYSE:HHH) last released its earnings results on Wednesday, February 26th. The company reported $3.25 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.40. The company had revenue of $983.59 million for the quarter, compared to analysts’ expectations of $949.18 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. As a group, sell-side analysts forecast that Howard Hughes Holdings Inc. will post 3.7 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.