Ensign Peak Advisors Inc Decreases Stake in Howard Hughes Holdings Inc. $HHH

Ensign Peak Advisors Inc cut its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 30.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,839 shares of the company’s stock after selling 4,250 shares during the period. Ensign Peak Advisors Inc’s holdings in Howard Hughes were worth $664,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC bought a new position in shares of Howard Hughes during the fourth quarter valued at approximately $511,000. Northside Capital Management LLC purchased a new stake in Howard Hughes in the second quarter valued at $5,322,000. AQR Capital Management LLC grew its stake in shares of Howard Hughes by 37.7% during the 1st quarter. AQR Capital Management LLC now owns 147,754 shares of the company’s stock worth $10,946,000 after purchasing an additional 40,414 shares during the period. American Century Companies Inc. raised its holdings in Howard Hughes by 24.8% in the 1st quarter. American Century Companies Inc. now owns 779,879 shares of the company’s stock worth $57,773,000 after purchasing an additional 155,110 shares during the period. Finally, Comerica Bank grew its position in shares of Howard Hughes by 619.4% in the first quarter. Comerica Bank now owns 7,136 shares of the company’s stock valued at $529,000 after purchasing an additional 6,144 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Insider Buying and Selling at Howard Hughes

In other news, Director Anthony Williams sold 1,100 shares of Howard Hughes stock in a transaction on Friday, September 26th. The stock was sold at an average price of $79.58, for a total transaction of $87,538.00. Following the completion of the transaction, the director owned 8,102 shares of the company’s stock, valued at $644,757.16. The trade was a 11.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 48.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. JPMorgan Chase & Co. boosted their price target on shares of Howard Hughes from $76.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Howard Hughes in a research report on Monday, November 24th. Finally, Zacks Research cut Howard Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Howard Hughes presently has a consensus rating of “Hold” and a consensus price target of $83.33.

Howard Hughes Stock Down 0.2%

Shares of NYSE HHH opened at $89.56 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.85. The firm has a 50-day moving average price of $82.50 and a 200 day moving average price of $75.42. Howard Hughes Holdings Inc. has a 52 week low of $61.40 and a 52 week high of $91.07. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 19.60 and a beta of 1.26.

Howard Hughes (NYSE:HHH) last released its quarterly earnings results on Monday, November 10th. The company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. Howard Hughes had a return on equity of 10.51% and a net margin of 12.85%.The business had revenue of $390.24 million for the quarter, compared to analysts’ expectations of $331.52 million. During the same quarter in the prior year, the firm posted $1.95 EPS. The company’s revenue was up 19.3% compared to the same quarter last year. Equities research analysts anticipate 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.