Point72 Asia Singapore Pte. Ltd. Acquires 1,738 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Point72 Asia Singapore Pte. Ltd. boosted its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 421.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,150 shares of the company’s stock after purchasing an additional 1,738 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Howard Hughes were worth $166,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HHH. Truvestments Capital LLC bought a new stake in Howard Hughes in the third quarter worth approximately $83,000. Headlands Technologies LLC increased its holdings in shares of Howard Hughes by 897.0% during the second quarter. Headlands Technologies LLC now owns 1,336 shares of the company’s stock valued at $87,000 after acquiring an additional 1,202 shares in the last quarter. KBC Group NV increased its holdings in shares of Howard Hughes by 34.4% during the third quarter. KBC Group NV now owns 1,122 shares of the company’s stock valued at $87,000 after acquiring an additional 287 shares in the last quarter. US Bancorp DE increased its holdings in shares of Howard Hughes by 16.2% during the third quarter. US Bancorp DE now owns 1,364 shares of the company’s stock valued at $106,000 after acquiring an additional 190 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Howard Hughes during the second quarter valued at approximately $116,000. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Trading Down 0.6 %

Shares of Howard Hughes stock opened at $85.70 on Thursday. The stock has a fifty day simple moving average of $79.54 and a 200 day simple moving average of $73.11. Howard Hughes Holdings Inc. has a 12-month low of $59.00 and a 12-month high of $87.77. The company has a market capitalization of $4.30 billion, a P/E ratio of 56.75 and a beta of 1.48. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $1.76. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The business had revenue of $327.15 million during the quarter, compared to the consensus estimate of $261.00 million. During the same quarter in the prior year, the company posted ($0.26) earnings per share. Howard Hughes’s revenue was up 43.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Howard Hughes Holdings Inc. will post 3.28 earnings per share for the current fiscal 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.