Thrivent Financial for Lutherans Increases Stock Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

Thrivent Financial for Lutherans raised its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 28.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,970 shares of the company’s stock after purchasing an additional 7,599 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Howard Hughes were worth $2,630,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Headlands Technologies LLC increased its holdings in Howard Hughes by 897.0% during the second quarter. Headlands Technologies LLC now owns 1,336 shares of the company’s stock valued at $87,000 after buying an additional 1,202 shares during the last quarter. KBC Group NV increased its stake in shares of Howard Hughes by 34.4% in the 3rd quarter. KBC Group NV now owns 1,122 shares of the company’s stock worth $87,000 after purchasing an additional 287 shares in the last quarter. US Bancorp DE raised its holdings in Howard Hughes by 16.2% in the 3rd quarter. US Bancorp DE now owns 1,364 shares of the company’s stock worth $106,000 after purchasing an additional 190 shares during the period. Innealta Capital LLC purchased a new position in Howard Hughes during the second quarter valued at $116,000. Finally, CWM LLC lifted its position in Howard Hughes by 912.7% during the third quarter. CWM LLC now owns 1,671 shares of the company’s stock valued at $129,000 after purchasing an additional 1,506 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Howard Hughes Stock Performance

Shares of HHH opened at $86.44 on Wednesday. Howard Hughes Holdings Inc. has a 52 week low of $59.00 and a 52 week high of $87.46. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 57.05 and a beta of 1.46. The business has a 50-day simple moving average of $78.18 and a two-hundred day simple moving average of $72.21.

Howard Hughes (NYSE:HHH) last released its earnings results on Monday, November 4th. The company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $1.76. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. 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 firm posted ($0.26) EPS. The firm’s quarterly revenue was up 43.2% compared to the same quarter last year. On average, analysts expect that Howard Hughes Holdings Inc. will post 3.28 EPS for the current year.

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.