Handelsbanken Fonder AB Acquires 3,800 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Handelsbanken Fonder AB increased its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 46.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,058 shares of the company’s stock after acquiring an additional 3,800 shares during the period. Handelsbanken Fonder AB’s holdings in Howard Hughes were worth $1,032,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HHH. International Assets Investment Management LLC purchased a new stake in Howard Hughes during the fourth quarter valued at about $44,000. Baker Avenue Asset Management LP bought a new stake in shares of Howard Hughes in the 3rd quarter valued at about $45,000. Citigroup Inc. purchased a new stake in Howard Hughes during the 3rd quarter valued at about $48,000. Carmel Capital Partners LLC grew its position in Howard Hughes by 22.0% during the 4th quarter. Carmel Capital Partners LLC now owns 4,375 shares of the company’s stock worth $374,000 after acquiring an additional 788 shares during the last quarter. Finally, Baystate Wealth Management LLC bought a new position in Howard Hughes during the 4th quarter worth approximately $68,000. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Stock Performance

Shares of NYSE:HHH opened at $64.42 on Monday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.73. The company has a market cap of $3.24 billion, a price-to-earnings ratio of -5.79 and a beta of 1.48. Howard Hughes Holdings Inc. has a 12 month low of $59.00 and a 12 month high of $86.72. The company has a 50-day moving average price of $70.59 and a 200-day moving average price of $74.60.

Howard Hughes (NYSE:HHH) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.25. The business had revenue of $335.84 million during the quarter, compared to analyst estimates of $318.32 million. Howard Hughes had a negative return on equity of 0.62% and a negative net margin of 53.88%. As a group, equities analysts anticipate that Howard Hughes Holdings Inc. will post 2.69 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price objective on Howard Hughes from $90.00 to $84.00 and set an “overweight” rating for the company in a research note on Tuesday, April 16th.

Insider Activity at Howard Hughes

In other Howard Hughes news, insider Heath Melton sold 1,926 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $72.95, for a total transaction of $140,501.70. Following the transaction, the insider now directly owns 9,274 shares of the company’s stock, valued at approximately $676,538.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 33.00% of the stock is owned by corporate insiders.

Howard Hughes 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.