Keeley Teton Advisors LLC Buys 1,813 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Keeley Teton Advisors LLC raised its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 25.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 8,988 shares of the company’s stock after acquiring an additional 1,813 shares during the period. Keeley Teton Advisors LLC’s holdings in Howard Hughes were worth $653,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clearbridge Investments LLC lifted its position in shares of Howard Hughes by 2.4% during the 1st quarter. Clearbridge Investments LLC now owns 326,314 shares of the company’s stock worth $23,697,000 after buying an additional 7,500 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in Howard Hughes during the 4th quarter valued at $2,915,000. Norges Bank bought a new stake in Howard Hughes during the 4th quarter valued at $26,369,000. Pershing Square Capital Management L.P. raised its holdings in Howard Hughes by 12.2% during the 4th quarter. Pershing Square Capital Management L.P. now owns 18,852,064 shares of the company’s stock valued at $1,612,794,000 after acquiring an additional 2,045,156 shares during the period. Finally, Citigroup Inc. purchased a new position in shares of Howard Hughes during the 3rd quarter valued at $48,000. Institutional investors own 93.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Howard Hughes from $90.00 to $84.00 and set an “overweight” rating for the company in a research report on Tuesday, April 16th. Jefferies Financial Group cut their price objective on shares of Howard Hughes from $89.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, June 4th.

Howard Hughes Stock Performance

Shares of NYSE:HHH traded up $3.89 on Friday, reaching $74.36. The company’s stock had a trading volume of 608,015 shares, compared to its average volume of 260,649. Howard Hughes Holdings Inc. has a 52-week low of $59.00 and a 52-week high of $86.72. The company has a 50-day simple moving average of $67.03 and a 200 day simple moving average of $70.90. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.44 and a current ratio of 1.44.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings data on Friday, July 26th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14. Howard Hughes had a negative net margin of 58.21% and a negative return on equity of 1.59%. The company had revenue of $317.40 million during the quarter, compared to analyst estimates of $239.73 million. During the same quarter last year, the business posted ($0.39) EPS. The firm’s revenue for the quarter was up 42.1% on a year-over-year basis. As a group, analysts forecast that Howard Hughes Holdings Inc. will post 3.04 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.