14,899 Shares in Howard Hughes Holdings Inc. $HHH Purchased by Annex Advisory Services LLC

Annex Advisory Services LLC acquired a new stake in Howard Hughes Holdings Inc. (NYSE:HHH) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,899 shares of the company’s stock, valued at approximately $1,224,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new position in Howard Hughes in the fourth quarter worth $511,000. Northside Capital Management LLC purchased a new stake in shares of Howard Hughes during the 2nd quarter worth $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. Comerica Bank increased its holdings in shares of Howard Hughes by 619.4% in the 1st quarter. Comerica Bank now owns 7,136 shares of the company’s stock valued at $529,000 after purchasing an additional 6,144 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Howard Hughes by 67.9% in the 2nd quarter. Legal & General Group Plc now owns 53,764 shares of the company’s stock valued at $3,629,000 after purchasing an additional 21,750 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Stock Up 0.5%

HHH stock opened at $79.33 on Tuesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 1.18. The company’s 50 day simple moving average is $83.30 and its 200-day simple moving average is $77.59. Howard Hughes Holdings Inc. has a 12 month low of $61.40 and a 12 month high of $91.07. The firm has a market capitalization of $4.71 billion, a PE ratio of 15.46 and a beta of 1.22.

Howard Hughes (NYSE:HHH) last posted its earnings results on Monday, November 10th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. The firm had revenue of $390.24 million for the quarter, compared to analyst estimates of $331.52 million. Howard Hughes had a return on equity of 11.06% and a net margin of 14.95%.Howard Hughes’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.95 EPS. Equities analysts expect that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Zacks Research downgraded shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Howard Hughes in a report on Monday, December 22nd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $83.33.

Insider Buying and Selling at Howard Hughes

In related news, Director Mary Ann Tighe sold 6,000 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $88.83, for a total transaction of $532,980.00. Following the sale, the director owned 13,495 shares of the company’s stock, valued at $1,198,760.85. This trade represents a 30.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R Scot Sellers acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were bought at an average price of $77.94 per share, with a total value of $389,700.00. Following the transaction, the director owned 67,517 shares in the company, valued at $5,262,274.98. This represents a 8.00% increase in their position. The disclosure for this purchase is available in the SEC filing. 48.00% 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. Its MPCs segment develops, sells, and leases residential and commercial land designated for long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona.