Oppenheimer Asset Management Inc. Buys 2,160 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Oppenheimer Asset Management Inc. lifted its stake in Howard Hughes Holdings Inc. (NYSE:HHH) by 44.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,987 shares of the company’s stock after buying an additional 2,160 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Howard Hughes were worth $541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HHH. Donald Smith & CO. Inc. boosted its position in shares of Howard Hughes by 27.5% in the second quarter. Donald Smith & CO. Inc. now owns 1,652,046 shares of the company’s stock worth $107,086,000 after purchasing an additional 356,025 shares during the period. New South Capital Management Inc. lifted its holdings in Howard Hughes by 0.4% in the 2nd quarter. New South Capital Management Inc. now owns 609,289 shares of the company’s stock worth $39,494,000 after purchasing an additional 2,698 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Howard Hughes by 4.3% during the second quarter. Clearbridge Investments LLC now owns 340,194 shares of the company’s stock valued at $22,051,000 after buying an additional 13,880 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Howard Hughes by 81.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 337,440 shares of the company’s stock worth $24,505,000 after buying an additional 151,341 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Howard Hughes by 0.5% during the third quarter. Victory Capital Management Inc. now owns 313,656 shares of the company’s stock worth $24,286,000 after acquiring an additional 1,475 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Howard Hughes Stock Performance

Shares of NYSE HHH opened at $79.45 on Wednesday. The company has a market cap of $3.98 billion, a P/E ratio of 52.62 and a beta of 1.46. The firm’s fifty day moving average is $77.50 and its two-hundred day moving average is $71.75. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08. Howard Hughes Holdings Inc. has a 52-week low of $59.00 and a 52-week high of $86.72.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $1.76. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The company had revenue of $327.15 million during the quarter, compared to analyst estimates of $261.00 million. During the same period in the prior year, the company earned ($0.26) earnings per share. The firm’s revenue was up 43.2% on a year-over-year basis. As a group, analysts anticipate that Howard Hughes Holdings Inc. will post 3.28 EPS for the current fiscal 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.