57,030 Shares in Howard Hughes Holdings Inc. $HHH Bought by Walleye Partners LLC

Walleye Partners LLC bought a new stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) during the 4th quarter, HoldingsChannel.com reports. The firm bought 57,030 shares of the company’s stock, valued at approximately $4,549,000. Howard Hughes comprises approximately 5.1% of Walleye Partners LLC’s portfolio, making the stock its 6th largest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Howard Hughes by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,497,032 shares of the company’s stock valued at $205,179,000 after purchasing an additional 9,102 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Howard Hughes by 0.3% during the 3rd quarter. American Century Companies Inc. now owns 747,495 shares of the company’s stock worth $61,422,000 after buying an additional 2,595 shares during the period. Crcm LP boosted its stake in Howard Hughes by 82.5% in the 3rd quarter. Crcm LP now owns 560,713 shares of the company’s stock valued at $46,074,000 after buying an additional 253,490 shares in the last quarter. Russell Investments Group Ltd. grew its position in Howard Hughes by 98.3% in the third quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company’s stock valued at $45,757,000 after acquiring an additional 276,083 shares during the period. Finally, Gotham Asset Management LLC grew its position in Howard Hughes by 31.5% in the third quarter. Gotham Asset Management LLC now owns 337,199 shares of the company’s stock valued at $27,708,000 after acquiring an additional 80,701 shares during the period. Institutional investors own 93.83% of the company’s stock.

Insiders Place Their Bets

In other Howard Hughes news, General Counsel Joseph Valane bought 1,260 shares of the business’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $64.45 per share, for a total transaction of $81,207.00. Following the transaction, the general counsel owned 29,209 shares in the company, valued at approximately $1,882,520.05. This trade represents a 4.51% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 48.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $83.33.

Howard Hughes Stock Down 2.5%

Shares of HHH opened at $65.79 on Wednesday. The business’s fifty day moving average price is $68.31 and its two-hundred day moving average price is $77.47. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 31.18 and a beta of 1.28. Howard Hughes Holdings Inc. has a 52 week low of $61.01 and a 52 week high of $91.07. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.19 and a current ratio of 1.19.

Howard Hughes (NYSE:HHH) last released its earnings results on Thursday, February 19th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). The firm had revenue of $624.45 million for the quarter. Howard Hughes had a return on equity of 5.54% and a net margin of 8.40%.The firm’s revenue was down 36.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.25 EPS. On average, analysts predict that Howard Hughes Holdings Inc. will post 4.06 earnings per share 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. 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.