Alliancebernstein L.P. Buys 6,796 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Alliancebernstein L.P. raised its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 58.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 18,343 shares of the company’s stock after buying an additional 6,796 shares during the period. Alliancebernstein L.P.’s holdings in Howard Hughes were worth $1,411,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. American Century Companies Inc. grew its position in Howard Hughes by 50.3% during the fourth quarter. American Century Companies Inc. now owns 624,769 shares of the company’s stock valued at $48,057,000 after buying an additional 209,217 shares during the period. State Street Corp raised its position in shares of Howard Hughes by 3.2% in the third quarter. State Street Corp now owns 605,785 shares of the company’s stock valued at $46,906,000 after purchasing an additional 19,045 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Howard Hughes by 225.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 487,092 shares of the company’s stock valued at $37,716,000 after buying an additional 337,514 shares in the last quarter. Egerton Capital UK LLP bought a new position in Howard Hughes in the 4th quarter worth approximately $34,150,000. Finally, Norges Bank purchased a new position in Howard Hughes in the 4th quarter valued at approximately $29,287,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Trading Up 1.0 %

Shares of HHH stock opened at $66.25 on Friday. Howard Hughes Holdings Inc. has a 1 year low of $59.83 and a 1 year high of $87.77. The company’s fifty day simple moving average is $72.55 and its two-hundred day simple moving average is $76.47. 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 stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 43.88 and a beta of 1.14.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $3.25 EPS for the quarter, beating the consensus estimate of $2.85 by $0.40. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The company had revenue of $983.59 million during the quarter, compared to analysts’ expectations of $949.18 million. As a group, 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.