Wealth Enhancement Advisory Services LLC Takes Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 6,461 shares of the company’s stock, valued at approximately $497,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HHH. Brighton Jones LLC bought a new position in Howard Hughes during the 4th quarter valued at $511,000. Ieq Capital LLC bought a new stake in shares of Howard Hughes in the 4th quarter worth about $1,025,000. Handelsbanken Fonder AB raised its stake in shares of Howard Hughes by 7.5% in the 4th quarter. Handelsbanken Fonder AB now owns 14,358 shares of the company’s stock valued at $1,104,000 after purchasing an additional 1,000 shares in the last quarter. O Brien Greene & Co. Inc raised its stake in shares of Howard Hughes by 10.5% in the 4th quarter. O Brien Greene & Co. Inc now owns 15,805 shares of the company’s stock valued at $1,216,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its stake in shares of Howard Hughes by 122.3% in the 4th quarter. Wolverine Asset Management LLC now owns 6,624 shares of the company’s stock valued at $510,000 after purchasing an additional 36,300 shares in the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HHH has been the subject of several recent research reports. Piper Sandler lowered their target price on shares of Howard Hughes from $105.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, May 23rd. BMO Capital Markets decreased their price target on shares of 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. dropped 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 note on Tuesday, April 29th.

Howard Hughes Price Performance

Shares of HHH opened at $70.75 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $3.57 billion, a PE ratio of 46.85 and a beta of 1.23. The firm’s 50 day moving average price is $67.96 and its 200 day moving average price is $73.81. Howard Hughes Holdings Inc. has a twelve month low of $59.83 and a twelve month high of $87.77.

Howard Hughes (NYSE:HHH) last posted its earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.08. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The firm had revenue of $199.33 million during the quarter, compared to analyst estimates of $187.43 million. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. As a group, research analysts expect that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal 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.