3,914 Shares in Howard Hughes Holdings Inc. (NYSE:HHH) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in Howard Hughes Holdings Inc. (NYSE:HHH) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,914 shares of the company’s stock, valued at approximately $290,000.

Several other large investors have also modified their holdings of HHH. Brighton Jones LLC purchased a new stake in Howard Hughes in the fourth quarter worth $511,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Howard Hughes in the fourth quarter worth about $497,000. Capital Fund Management S.A. bought a new position in shares of Howard Hughes in the fourth quarter worth about $1,625,000. Cerity Partners LLC increased its stake in Howard Hughes by 33.5% in the 4th quarter. Cerity Partners LLC now owns 12,271 shares of the company’s stock worth $946,000 after buying an additional 3,082 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in Howard Hughes in the 4th quarter valued at about $283,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Wall Street Analysts Forecast Growth

HHH has been the topic of a number of research analyst reports. Piper Sandler dropped their target price on shares of Howard Hughes from $105.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, May 23rd. BMO Capital Markets lowered their price target on Howard Hughes from $85.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. downgraded Howard Hughes from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $82.00 to $76.00 in a report on Monday.

Howard Hughes Stock Performance

HHH stock opened at $67.31 on Friday. Howard Hughes Holdings Inc. has a 1-year low of $59.83 and a 1-year high of $87.77. The business has a 50-day moving average price of $68.56 and a 200 day moving average price of $72.60. The company has a market capitalization of $3.39 billion, a P/E ratio of 12.92 and a beta of 1.23. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.41 and a quick ratio of 1.41.

Howard Hughes (NYSE:HHH) last posted its earnings results on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Howard Hughes had a net margin of 14.27% and a return on equity of 10.21%. The business had revenue of $199.33 million for the quarter, compared to the consensus estimate of $187.43 million. The company’s revenue for the quarter was up 27.3% compared to the same quarter last year. As a group, equities research analysts forecast that Howard Hughes Holdings Inc. will post 3.7 EPS 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.