Sowell Financial Services LLC Buys 13,121 Shares of Howard Hughes Holdings Inc. $HHH

Sowell Financial Services LLC boosted its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 18.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,708 shares of the company’s stock after purchasing an additional 13,121 shares during the period. Sowell Financial Services LLC owned about 0.14% of Howard Hughes worth $6,677,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HHH. SG Americas Securities LLC lifted its holdings in shares of Howard Hughes by 1,183.2% during the 3rd quarter. SG Americas Securities LLC now owns 25,716 shares of the company’s stock valued at $2,113,000 after buying an additional 23,712 shares during the period. Brighton Jones LLC bought a new stake in shares of Howard Hughes in the fourth quarter worth $511,000. TrueMark Investments LLC bought a new stake in shares of Howard Hughes in the third quarter worth $1,318,000. Northern Right Capital Management L.P. increased its position in Howard Hughes by 15.7% during the third quarter. Northern Right Capital Management L.P. now owns 302,450 shares of the company’s stock valued at $24,852,000 after acquiring an additional 41,095 shares during the last quarter. Finally, Annex Advisory Services LLC bought a new position in Howard Hughes in the third quarter valued at about $1,224,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Joseph Valane bought 1,260 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of $64.45 per share, with a total value of $81,207.00. Following the acquisition, the general counsel owned 29,209 shares of the company’s stock, valued at approximately $1,882,520.05. This represents a 4.51% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 48.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Howard Hughes in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $83.33.

Howard Hughes Price Performance

NYSE HHH opened at $62.75 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.73. Howard Hughes Holdings Inc. has a 12 month low of $61.01 and a 12 month high of $91.07. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 29.74 and a beta of 1.28. The company’s 50 day moving average is $72.35 and its two-hundred day moving average is $78.94.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). The firm had revenue of $624.45 million during the quarter. Howard Hughes had a return on equity of 5.54% and a net margin of 8.40%.Howard Hughes’s revenue for the quarter was down 36.5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.25 EPS. As a group, research analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current 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. 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.