SG Americas Securities LLC Acquires 23,276 Shares of Howard Hughes Holdings Inc. $HHH

SG Americas Securities LLC grew its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 90.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,992 shares of the company’s stock after buying an additional 23,276 shares during the quarter. SG Americas Securities LLC’s holdings in Howard Hughes were worth $3,908,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Arizona State Retirement System increased its position in shares of Howard Hughes by 1.4% in the third quarter. Arizona State Retirement System now owns 9,666 shares of the company’s stock valued at $794,000 after acquiring an additional 130 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Howard Hughes by 28.9% in the third quarter. EverSource Wealth Advisors LLC now owns 665 shares of the company’s stock valued at $55,000 after purchasing an additional 149 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Howard Hughes by 0.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 33,098 shares of the company’s stock worth $2,234,000 after purchasing an additional 160 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Howard Hughes by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 30,098 shares of the company’s stock worth $2,032,000 after purchasing an additional 217 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Howard Hughes by 15.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,819 shares of the company’s stock valued at $147,000 after buying an additional 244 shares during the last quarter. Institutional investors own 93.83% of the company’s stock.

Insider Buying and Selling at Howard Hughes

In other Howard Hughes news, General Counsel Joseph Valane purchased 1,260 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $64.45 per share, for a total transaction of $81,207.00. Following the purchase, the general counsel owned 29,209 shares in the company, valued at approximately $1,882,520.05. The trade was a 4.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 48.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Howard Hughes in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $83.33.

Howard Hughes Trading Down 0.5%

Howard Hughes stock opened at $62.75 on Friday. The stock has a 50-day simple moving average of $72.72 and a 200 day simple moving average of $79.11. The stock has a market capitalization of $3.74 billion, a P/E ratio of 29.74 and a beta of 1.28. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.19 and a current ratio of 1.19. Howard Hughes Holdings Inc. has a 52 week low of $61.01 and a 52 week high of $91.07.

Howard Hughes (NYSE:HHH) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.21). Howard Hughes had a net margin of 8.40% and a return on equity of 5.54%. The business had revenue of $624.45 million during the quarter. During the same quarter last year, the company earned $3.25 EPS. The firm’s revenue for the quarter was down 36.5% on a year-over-year basis. Analysts expect that Howard Hughes Holdings Inc. will post 3.7 earnings per share 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. 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.