Zurcher Kantonalbank Zurich Cantonalbank Has $568,000 Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Howard Hughes Holdings Inc. (NYSE:HHH) by 10.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,670 shares of the company’s stock after purchasing an additional 735 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Howard Hughes were worth $568,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HHH. Brighton Jones LLC acquired a new stake in Howard Hughes in the 4th quarter worth approximately $511,000. Raymond James Financial Inc. acquired a new stake in Howard Hughes in the 4th quarter worth approximately $422,000. LPL Financial LLC lifted its holdings in Howard Hughes by 155.6% in the 4th quarter. LPL Financial LLC now owns 49,600 shares of the company’s stock worth $3,815,000 after purchasing an additional 30,191 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Howard Hughes by 12.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,001 shares of the company’s stock worth $231,000 after buying an additional 329 shares during the period. Finally, Alliancebernstein L.P. increased its position in Howard Hughes by 58.9% in the 4th quarter. Alliancebernstein L.P. now owns 18,343 shares of the company’s stock worth $1,411,000 after buying an additional 6,796 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Piper Sandler dropped their price target on Howard Hughes from $105.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, May 23rd. BMO Capital Markets dropped their price target on Howard Hughes from $85.00 to $80.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. downgraded Howard Hughes from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $82.00 to $76.00 in a research report on Monday, June 23rd.

Howard Hughes Stock Performance

Shares of NYSE HHH opened at $69.35 on Thursday. The company has a market cap of $3.49 billion, a P/E ratio of 13.31 and a beta of 1.22. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.84. Howard Hughes Holdings Inc. has a 12 month low of $61.40 and a 12 month high of $87.77. The business’s 50 day moving average is $69.03 and its two-hundred day moving average is $70.97.

Howard Hughes (NYSE:HHH) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $199.33 million for the quarter, compared to analysts’ expectations of $187.43 million. Howard Hughes had a return on equity of 10.21% and a net margin of 14.27%. The firm’s quarterly revenue was up 27.3% on a year-over-year basis. On average, equities analysts expect that Howard Hughes Holdings Inc. will post 3.7 EPS for the current 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.