HighTower Advisors LLC Has $790,000 Position in Howard Hughes Holdings Inc. (NYSE:HHH)

HighTower Advisors LLC cut its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,197 shares of the company’s stock after selling 178 shares during the quarter. HighTower Advisors LLC’s holdings in Howard Hughes were worth $790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HHH. Bridges Investment Management Inc. acquired a new stake in Howard Hughes in the second quarter valued at approximately $428,000. PEAK6 Investments LLC boosted its holdings in shares of Howard Hughes by 201.8% during the 3rd quarter. PEAK6 Investments LLC now owns 17,683 shares of the company’s stock valued at $1,369,000 after acquiring an additional 11,824 shares in the last quarter. XTX Topco Ltd grew its position in Howard Hughes by 225.1% during the 2nd quarter. XTX Topco Ltd now owns 10,529 shares of the company’s stock worth $682,000 after acquiring an additional 7,290 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Howard Hughes by 50.0% in the 2nd quarter. Victory Capital Management Inc. now owns 312,181 shares of the company’s stock worth $20,236,000 after purchasing an additional 103,995 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Howard Hughes by 7.5% in the second quarter. Bank of New York Mellon Corp now owns 109,407 shares of the company’s stock valued at $7,092,000 after purchasing an additional 7,602 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Stock Performance

Shares of HHH stock opened at $76.21 on Thursday. The business’s 50-day moving average price is $80.71 and its 200-day moving average price is $74.27. Howard Hughes Holdings Inc. has a 12 month low of $59.00 and a 12 month high of $87.77. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 50.47 and a beta of 1.48.

Howard Hughes (NYSE:HHH) last posted its earnings results on Monday, November 4th. The company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $1.76. The firm had revenue of $327.15 million for the quarter, compared to analyst estimates of $261.00 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The company’s revenue for the quarter was up 43.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.26) EPS. Equities research analysts forecast that Howard Hughes Holdings Inc. will post 3.28 EPS for the current year.

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.