PNC Financial Services Group Inc. Has $210,000 Stake in Howard Hughes Holdings Inc. (NYSE:HHH)

PNC Financial Services Group Inc. grew its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 759.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,725 shares of the company’s stock after purchasing an additional 2,408 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Howard Hughes were worth $210,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in HHH. Jones Financial Companies Lllp bought a new stake in Howard Hughes during the 4th quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Howard Hughes in the third quarter valued at approximately $46,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Howard Hughes in the fourth quarter worth $47,000. Truvestments Capital LLC acquired a new stake in shares of Howard Hughes in the third quarter worth $83,000. Finally, KBC Group NV raised its stake in Howard Hughes by 40.1% during the 4th quarter. KBC Group NV now owns 1,572 shares of the company’s stock valued at $121,000 after purchasing an additional 450 shares during the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

Howard Hughes Price Performance

Shares of Howard Hughes stock opened at $74.90 on Monday. The firm has a fifty day moving average price of $75.68 and a two-hundred day moving average price of $77.46. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $87.77. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $3.78 billion, a PE ratio of 49.60 and a beta of 1.48.

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