JPMorgan Chase & Co. Grows Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

JPMorgan Chase & Co. boosted its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 225.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 487,092 shares of the company’s stock after acquiring an additional 337,514 shares during the period. JPMorgan Chase & Co. owned about 0.97% of Howard Hughes worth $37,716,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. boosted its stake in Howard Hughes by 27.5% during the 2nd quarter. Donald Smith & CO. Inc. now owns 1,652,046 shares of the company’s stock valued at $107,086,000 after purchasing an additional 356,025 shares during the period. New South Capital Management Inc. grew its holdings in Howard Hughes by 0.4% in the 2nd quarter. New South Capital Management Inc. now owns 609,289 shares of the company’s stock worth $39,494,000 after buying an additional 2,698 shares in the last quarter. State Street Corp increased its position in Howard Hughes by 3.2% in the 3rd quarter. State Street Corp now owns 605,785 shares of the company’s stock valued at $46,906,000 after acquiring an additional 19,045 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Howard Hughes by 22.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 456,083 shares of the company’s stock valued at $35,315,000 after acquiring an additional 82,746 shares during the period. Finally, Clearbridge Investments LLC raised its stake in Howard Hughes by 4.3% during the 2nd quarter. Clearbridge Investments LLC now owns 340,194 shares of the company’s stock valued at $22,051,000 after acquiring an additional 13,880 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Trading Up 0.9 %

Shares of HHH stock opened at $76.48 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. The stock has a 50-day simple moving average of $80.69 and a 200 day simple moving average of $75.09. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $87.77. The stock has a market capitalization of $3.83 billion, a P/E ratio of 50.65 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $1.76. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The firm had revenue of $327.15 million during the quarter, compared to analysts’ expectations of $261.00 million. During the same period in the previous year, the company earned ($0.26) earnings per share. The company’s revenue was up 43.2% compared to the same quarter last year. On average, sell-side analysts expect that Howard Hughes Holdings Inc. will post 3.28 earnings per share for the current fiscal 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.