Jupiter Topco LLC Purchases Shares of 14,772 Howard Hughes Holdings Inc. $HHH

Jupiter Topco LLC purchased a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,772 shares of the company’s stock, valued at approximately $1,056,000.

A number of other institutional investors also recently bought and sold shares of HHH. BlackRock Inc. acquired a new position in shares of Howard Hughes during the 2nd quarter worth about $115,766,000. Donald Smith & CO. Inc. acquired a new stake in shares of Howard Hughes during the 2nd quarter worth about $71,691,000. Flat Footed LLC purchased a new stake in Howard Hughes during the second quarter worth approximately $44,353,683. Norges Bank purchased a new stake in Howard Hughes during the fourth quarter worth approximately $31,957,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Howard Hughes by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,822,522 shares of the company’s stock valued at $178,549,000 after purchasing an additional 208,617 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Howard Hughes Price Performance

Shares of NYSE:HHH opened at $64.03 on Friday. Howard Hughes Holdings Inc. has a one year low of $61.01 and a one year high of $91.07. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 12.96 and a beta of 1.14. The company has a 50-day simple moving average of $67.98 and a 200-day simple moving average of $66.87. 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 (NYSE:HHH) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $2.19. The firm had revenue of $1.12 billion for the quarter. Howard Hughes had a return on equity of 7.51% and a net margin of 12.31%.The business’s quarterly revenue was up 330.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.22) EPS. On average, analysts predict that Howard Hughes Holdings Inc. will post 2.77 EPS for the current year.

Insiders Place Their Bets

In other Howard Hughes news, Director Mary Tighe sold 13,495 shares of Howard Hughes stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $67.25, for a total value of $907,538.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 47.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on HHH. Zacks Research lowered shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. upped their target price on shares of Howard Hughes from $76.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings raised shares of Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average 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.