16,897 Shares in Howard Hughes Holdings Inc. $HHH Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new position in Howard Hughes Holdings Inc. (NYSE:HHH) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,897 shares of the company’s stock, valued at approximately $1,208,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Howard Hughes by 8.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,822,522 shares of the company’s stock worth $178,549,000 after purchasing an additional 208,617 shares during the period. BlackRock Inc. acquired a new position in shares of Howard Hughes in the 2nd quarter valued at about $115,766,000. Donald Smith & CO. Inc. bought a new stake in shares of Howard Hughes during the 2nd quarter valued at about $71,691,000. Crcm LP grew its position in shares of Howard Hughes by 9.3% during the 4th quarter. Crcm LP now owns 612,839 shares of the company’s stock valued at $48,886,000 after buying an additional 52,126 shares during the last quarter. Finally, Norges Bank acquired a new stake in Howard Hughes during the fourth quarter worth about $31,957,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Howard Hughes news, Director Mary Tighe sold 13,495 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $67.25, for a total transaction of $907,538.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 47.70% of the company’s stock.

Howard Hughes Trading Up 0.8%

NYSE:HHH opened at $64.03 on Friday. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 12.96 and a beta of 1.14. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.31 and a current ratio of 2.31. Howard Hughes Holdings Inc. has a 1 year low of $61.01 and a 1 year high of $91.07. The business has a fifty day moving average of $67.98 and a 200-day moving average of $66.87.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $2.19. The business had revenue of $1.12 billion for the quarter. Howard Hughes had a net margin of 12.31% and a return on equity of 7.51%. Howard Hughes’s revenue for the quarter was up 330.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.22) earnings per share. Equities analysts predict that Howard Hughes Holdings Inc. will post 2.77 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Zacks Research cut Howard Hughes from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. boosted their price objective on Howard Hughes from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Wall Street Zen upgraded Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings raised Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Howard Hughes currently has a consensus rating of “Reduce” and a consensus price target of $79.00.

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.