Sierra Summit Advisors LLC Makes New $856,000 Investment in Howard Hughes Holdings Inc. $HHH

Sierra Summit Advisors LLC bought a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,733 shares of the company’s stock, valued at approximately $856,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of Howard Hughes by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,497,032 shares of the company’s stock valued at $205,179,000 after purchasing an additional 9,102 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Howard Hughes by 0.3% in the 3rd quarter. American Century Companies Inc. now owns 747,495 shares of the company’s stock valued at $61,422,000 after purchasing an additional 2,595 shares in the last quarter. Crcm LP boosted its stake in shares of Howard Hughes by 82.5% in the 3rd quarter. Crcm LP now owns 560,713 shares of the company’s stock valued at $46,074,000 after purchasing an additional 253,490 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Howard Hughes by 98.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company’s stock valued at $45,757,000 after acquiring an additional 276,083 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its holdings in shares of Howard Hughes by 31.5% during the 3rd quarter. Gotham Asset Management LLC now owns 337,199 shares of the company’s stock valued at $27,708,000 after acquiring an additional 80,701 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Stock Up 0.8%

Shares of NYSE HHH opened at $64.52 on Friday. The company has a 50 day simple moving average of $63.82 and a 200 day simple moving average of $75.09. The firm has a market cap of $3.85 billion, a PE ratio of 31.63 and a beta of 1.15. Howard Hughes Holdings Inc. has a 1 year low of $61.01 and a 1 year high of $91.07. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.58 and a quick ratio of 1.58.

Howard Hughes (NYSE:HHH) last announced its earnings results on Thursday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. The business had revenue of $235.92 million during the quarter. Howard Hughes had a return on equity of 5.41% and a net margin of 8.04%.The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 earnings per share. On average, research analysts forecast that Howard Hughes Holdings Inc. will post 3.01 EPS for the current year.

Insider Buying and Selling at Howard Hughes

In related news, General Counsel Joseph Valane bought 1,260 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average cost of $64.45 per share, with a total value of $81,207.00. Following the transaction, the general counsel directly owned 29,209 shares in the company, valued at approximately $1,882,520.05. This trade represents a 4.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Carman sold 1,500 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $64.20, for a total value of $96,300.00. Following the transaction, the insider directly owned 22,096 shares of the company’s stock, valued at approximately $1,418,563.20. This represents a 6.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 48.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HHH has been the topic of several recent research reports. Weiss Ratings downgraded Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. Zacks Research downgraded Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. Finally, Wall Street Zen raised Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Howard Hughes currently has a consensus rating of “Reduce” and an average price target of $85.00.

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.