Two Sigma Investments LP Purchases New Stake in Howard Hughes Holdings Inc. (NYSE:HHH)

Two Sigma Investments LP purchased a new stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,675 shares of the company’s stock, valued at approximately $283,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Pin Oak Investment Advisors Inc. lifted its holdings in Howard Hughes by 0.3% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 53,135 shares of the company’s stock valued at $4,114,000 after purchasing an additional 144 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Howard Hughes by 1.6% during the fourth quarter. Wells Fargo & Company MN now owns 10,707 shares of the company’s stock valued at $824,000 after purchasing an additional 173 shares during the last quarter. Stifel Financial Corp lifted its holdings in Howard Hughes by 4.2% during the fourth quarter. Stifel Financial Corp now owns 5,743 shares of the company’s stock valued at $442,000 after purchasing an additional 234 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Howard Hughes by 6.7% during the fourth 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. Finally, Boyar Asset Management Inc. lifted its holdings in Howard Hughes by 2.8% during the fourth quarter. Boyar Asset Management Inc. now owns 10,769 shares of the company’s stock valued at $828,000 after purchasing an additional 296 shares during the last quarter. Institutional investors own 93.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on HHH shares. BMO Capital Markets dropped their price objective on shares of Howard Hughes from $85.00 to $80.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Piper Sandler lowered their price target on shares of Howard Hughes from $105.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Howard Hughes from $84.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 29th.

Howard Hughes Stock Performance

NYSE:HHH opened at $70.21 on Thursday. The stock has a market cap of $3.54 billion, a P/E ratio of 46.50 and a beta of 1.23. The firm’s fifty day simple moving average is $67.84 and its 200 day simple moving average is $73.91. Howard Hughes Holdings Inc. has a twelve month low of $59.83 and a twelve month high of $87.77. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98.

Howard Hughes (NYSE:HHH) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. The business had revenue of $199.33 million for the quarter, compared to analysts’ expectations of $187.43 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 27.3% on a year-over-year basis. As a group, research analysts predict that Howard Hughes Holdings Inc. will post 3.7 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.