Northern Trust Corp Acquires 57,363 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Northern Trust Corp raised its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 32.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 234,021 shares of the company’s stock after buying an additional 57,363 shares during the quarter. Northern Trust Corp’s holdings in Howard Hughes were worth $18,001,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HHH. Sugar Maple Asset Management LLC bought a new position in shares of Howard Hughes in the 4th quarter valued at about $47,000. Atomi Financial Group Inc. purchased a new stake in Howard Hughes during the fourth quarter valued at approximately $224,000. Janney Montgomery Scott LLC lifted its stake in shares of Howard Hughes by 6.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,963 shares of the company’s stock valued at $305,000 after purchasing an additional 250 shares during the last quarter. Brighton Jones LLC purchased a new position in shares of Howard Hughes in the 4th quarter worth approximately $511,000. Finally, KBC Group NV boosted its holdings in shares of Howard Hughes by 40.1% in the 4th quarter. KBC Group NV now owns 1,572 shares of the company’s stock worth $121,000 after purchasing an additional 450 shares during the period. 93.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HHH has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price target on Howard Hughes from $84.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, April 29th. BMO Capital Markets reduced their target price on shares of Howard Hughes from $85.00 to $80.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th.

Howard Hughes Stock Down 2.7%

Shares of NYSE HHH opened at $71.57 on Wednesday. Howard Hughes Holdings Inc. has a 1 year low of $59.83 and a 1 year high of $87.77. The firm has a 50-day simple moving average of $70.09 and a two-hundred day simple moving average of $75.55. The company has a market cap of $3.61 billion, a P/E ratio of 47.40 and a beta of 1.21. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The firm had revenue of $199.33 million during the quarter, compared to analyst estimates of $187.43 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. Howard Hughes’s quarterly revenue was up 27.3% compared to the same quarter last year. Research analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 earnings per share 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.