Howard Hughes (NYSE:HHH) Shares Gap Up – What’s Next?

Howard Hughes Holdings Inc. (NYSE:HHH) shares gapped up before the market opened on Monday . The stock had previously closed at $71.78, but opened at $77.68. Howard Hughes shares last traded at $80.04, with a volume of 398,962 shares.

Howard Hughes Stock Up 7.3 %

The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98. The firm has a market cap of $3.86 billion, a PE ratio of 51.00 and a beta of 1.48. The firm has a 50 day moving average price of $80.49 and a 200-day moving average price of $75.49.

Howard Hughes (NYSE:HHH) last released its quarterly earnings results on Monday, November 4th. The company reported $1.95 EPS for the quarter, beating 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 firm had revenue of $327.15 million during the quarter, compared to the consensus estimate of $261.00 million. During the same quarter in the prior year, the firm earned ($0.26) EPS. Howard Hughes’s revenue for the quarter was up 43.2% on a year-over-year basis. Research analysts forecast that Howard Hughes Holdings Inc. will post 3.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Howard Hughes

Hedge funds have recently bought and sold shares of the company. Arizona State Retirement System increased its position in shares of Howard Hughes by 2.2% in the second quarter. Arizona State Retirement System now owns 9,143 shares of the company’s stock valued at $593,000 after buying an additional 197 shares in the last quarter. Headlands Technologies LLC lifted its holdings in shares of Howard Hughes by 897.0% in the second quarter. Headlands Technologies LLC now owns 1,336 shares of the company’s stock valued at $87,000 after purchasing an additional 1,202 shares in the last quarter. American Century Companies Inc. grew its position in shares of Howard Hughes by 1.5% in the second quarter. American Century Companies Inc. now owns 271,515 shares of the company’s stock valued at $17,600,000 after purchasing an additional 3,930 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Howard Hughes during the 2nd quarter worth approximately $313,000. Finally, Donald Smith & CO. Inc. raised its position in shares of Howard Hughes by 27.5% during the 2nd 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 last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

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.