Prospector Partners LLC Acquires 4,805 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Prospector Partners LLC boosted its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 155,221 shares of the company’s stock after acquiring an additional 4,805 shares during the quarter. Prospector Partners LLC owned 0.31% of Howard Hughes worth $10,061,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of 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 worth $1,277,000 after acquiring an additional 140 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Howard Hughes by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 9,143 shares of the company’s stock worth $593,000 after purchasing an additional 197 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Howard Hughes by 0.4% in the 2nd quarter. Hsbc Holdings PLC now owns 52,235 shares of the company’s stock worth $3,359,000 after purchasing an additional 227 shares in the last quarter. LDR Capital Management LLC increased its position in shares of Howard Hughes by 1.9% during the 1st quarter. LDR Capital Management LLC now owns 17,491 shares of the company’s stock valued at $1,270,000 after purchasing an additional 321 shares during the last quarter. Finally, Beech Hill Advisors Inc. raised its holdings in shares of Howard Hughes by 5.6% during the 1st quarter. Beech Hill Advisors Inc. now owns 6,650 shares of the company’s stock valued at $483,000 after buying an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Analysts Set New Price Targets

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

Howard Hughes Price Performance

Shares of NYSE HHH opened at $77.06 on Friday. 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 Holdings Inc. has a 1 year low of $59.00 and a 1 year high of $86.72. The company’s 50-day moving average is $72.20 and its 200 day moving average is $68.94. The stock has a market capitalization of $3.87 billion, a P/E ratio of -6.57 and a beta of 1.45.

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