Howard Hughes Holdings Inc. $HHH Shares Acquired by AlphaQuest LLC

AlphaQuest LLC boosted its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 80.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,077 shares of the company’s stock after purchasing an additional 15,223 shares during the quarter. AlphaQuest LLC owned approximately 0.06% of Howard Hughes worth $2,800,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in shares of Howard Hughes in the 4th quarter valued at about $511,000. Royal Bank of Canada raised its position in shares of Howard Hughes by 1,900.6% during the 1st quarter. Royal Bank of Canada now owns 99,248 shares of the company’s stock worth $7,353,000 after purchasing an additional 94,287 shares during the period. Millennium Management LLC lifted its holdings in shares of Howard Hughes by 2,368.8% in the 1st quarter. Millennium Management LLC now owns 165,926 shares of the company’s stock worth $12,292,000 after purchasing an additional 159,205 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Howard Hughes by 26.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 118,589 shares of the company’s stock worth $8,785,000 after purchasing an additional 25,001 shares during the last quarter. Finally, Focus Partners Wealth acquired a new position in Howard Hughes during the 1st quarter valued at approximately $254,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Howard Hughes Price Performance

Shares of NYSE HHH opened at $81.58 on Friday. The stock has a market cap of $4.84 billion, a P/E ratio of 15.90 and a beta of 1.22. The firm’s 50-day simple moving average is $82.97 and its 200 day simple moving average is $79.56. Howard Hughes Holdings Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $91.07. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.80.

Howard Hughes (NYSE:HHH) last released its earnings results on Monday, November 10th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.56 by $0.46. The firm had revenue of $390.24 million for the quarter, compared to analysts’ expectations of $331.52 million. Howard Hughes had a net margin of 14.95% and a return on equity of 11.06%. Howard Hughes’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the company earned $1.95 EPS. Equities analysts expect that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

Insider Buying and Selling

In other news, Director R Scot Sellers acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was acquired at an average price of $77.94 per share, for a total transaction of $389,700.00. Following the completion of the acquisition, the director directly owned 67,517 shares in the company, valued at $5,262,274.98. This represents a 8.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Mary Ann Tighe sold 6,000 shares of Howard Hughes stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $88.83, for a total value of $532,980.00. Following the transaction, the director directly owned 13,495 shares in the company, valued at approximately $1,198,760.85. The trade was a 30.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 48.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HHH. Weiss Ratings reiterated a “hold (c)” rating on shares of Howard Hughes in a research note on Monday, December 29th. Zacks Research downgraded shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Finally, Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $83.33.

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.