Howard Hughes Holdings Inc. $HHH Stake Lifted by Squarepoint Ops LLC

by · The Markets Daily

Squarepoint Ops LLC lifted its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH – Free Report) by 520.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,379 shares of the company’s stock after acquiring an additional 69,941 shares during the quarter. Squarepoint Ops LLC owned about 0.14% of Howard Hughes worth $5,961,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in Howard Hughes during the 4th quarter valued at $511,000. Royal Bank of Canada raised its stake in shares of Howard Hughes by 1,900.6% in the 1st quarter. Royal Bank of Canada now owns 99,248 shares of the company’s stock worth $7,353,000 after buying an additional 94,287 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Howard Hughes by 2,368.8% in the first quarter. Millennium Management LLC now owns 165,926 shares of the company’s stock valued at $12,292,000 after buying an additional 159,205 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Howard Hughes by 26.7% in the first quarter. Goldman Sachs Group Inc. now owns 118,589 shares of the company’s stock valued at $8,785,000 after buying an additional 25,001 shares during the period. Finally, Focus Partners Wealth bought a new position in Howard Hughes during the first quarter valued at about $254,000. Institutional investors own 93.83% of the company’s stock.

Insider Buying and Selling

In other Howard Hughes news, Director Mary Tighe sold 13,495 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $67.25, for a total value of $907,538.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 47.70% of the company’s stock.

Howard Hughes Stock Down 0.1%

Shares of Howard Hughes stock opened at $61.60 on Friday. Howard Hughes Holdings Inc. has a 1 year low of $61.01 and a 1 year high of $91.07. The company has a market cap of $3.68 billion, a P/E ratio of 12.47 and a beta of 1.14. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 1.35. The stock has a 50-day moving average price of $66.98 and a 200 day moving average price of $66.24.

Howard Hughes (NYSE:HHH – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $0.49 by $2.19. The company had revenue of $1.12 billion for the quarter. Howard Hughes had a return on equity of 7.51% and a net margin of 12.31%.The company’s revenue was up 330.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.22) EPS. As a group, analysts expect that Howard Hughes Holdings Inc. will post 2.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HHH shares. Zacks Research cut shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. raised their price objective on shares of Howard Hughes from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings raised shares of Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Howard Hughes currently has an average rating of “Reduce” and a consensus price target of $79.00.

View Our Latest Stock Analysis on Howard Hughes

Howard Hughes Profile

(Free Report)

Howard Hughes Holdings Inc is a real estate development and management company that creates and operates large-scale master planned communities, mixed-use properties and strategic real estate developments. Its activities include land development, homebuilder lot sales, commercial and multifamily development, retail operations and the management of community amenities and infrastructure.

The company’s master planned communities include Summerlin in the Las Vegas area, The Woodlands and Bridgeland in the Houston area, The Woodlands Hills in Texas, Teravalis in the Phoenix area and Ward Village in Honolulu.

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