Bridges Investment Management Inc. Acquires Shares of 6,599 Howard Hughes Holdings Inc. (NYSE:HHH)

Bridges Investment Management Inc. bought a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,599 shares of the company’s stock, valued at approximately $428,000.

Other large investors have also recently modified their holdings of the company. Fidelis Capital Partners LLC bought a new stake in shares of Howard Hughes during the 1st quarter worth $26,000. SPX Gestao de Recursos Ltda bought a new position in shares of Howard Hughes in the fourth quarter worth about $70,000. Headlands Technologies LLC boosted its stake in shares of Howard Hughes by 897.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,336 shares of the company’s stock valued at $87,000 after purchasing an additional 1,202 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Howard Hughes during the 2nd quarter valued at approximately $116,000. Finally, Quent Capital LLC increased its position in Howard Hughes by 1,385.9% during the 1st quarter. Quent Capital LLC now owns 2,006 shares of the company’s stock worth $146,000 after purchasing an additional 1,871 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Price Performance

Howard Hughes stock opened at $77.06 on Friday. The company has a market capitalization of $3.87 billion, a PE ratio of -6.57 and a beta of 1.45. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.82. The stock has a 50-day moving average price of $72.20 and a two-hundred day moving average price of $68.94. Howard Hughes Holdings Inc. has a 12 month low of $59.00 and a 12 month high of $86.72.

Howard Hughes (NYSE:HHH) last posted its earnings results on Friday, July 26th. The company reported $0.42 EPS for the quarter, topping the consensus estimate 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 business had revenue of $317.40 million for the quarter, compared to the consensus estimate of $239.73 million. During the same period last year, the company earned ($0.39) EPS. The firm’s revenue was up 42.1% compared to the same quarter last year. Analysts expect that Howard Hughes Holdings Inc. will post 3.05 EPS for the current year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut their target price on shares of Howard Hughes from $89.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, June 4th.

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.