Howard Hughes Holdings Inc. $HHH Stock Holdings Lifted by Squarepoint Ops LLC

Squarepoint Ops LLC raised its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 520.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,379 shares of the company’s stock after purchasing an additional 69,941 shares during the period. Squarepoint Ops LLC’s holdings in Howard Hughes were worth $5,961,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in Howard Hughes by 8.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,822,522 shares of the company’s stock valued at $178,549,000 after acquiring an additional 208,617 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Howard Hughes by 6,164.0% in the second quarter. California State Teachers Retirement System now owns 2,532,390 shares of the company’s stock worth $181,041,000 after purchasing an additional 2,491,962 shares in the last quarter. BlackRock Inc. acquired a new position in Howard Hughes during the second quarter worth $115,766,000. Donald Smith & CO. Inc. acquired a new position in Howard Hughes during the second quarter worth $71,691,000. Finally, Flat Footed LLC acquired a new stake in shares of Howard Hughes in the second quarter worth about $44,353,683. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Price Performance

NYSE HHH opened at $61.60 on Friday. The stock has a 50-day simple moving average of $66.98 and a 200 day simple moving average of $66.24. Howard Hughes Holdings Inc. has a twelve month low of $61.01 and a twelve month high of $91.07. The stock has a market capitalization of $3.68 billion, a PE ratio of 12.47 and a beta of 1.14. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.31 and a current ratio of 2.31.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.68 EPS for the quarter, topping the consensus estimate of $0.49 by $2.19. Howard Hughes had a return on equity of 7.51% and a net margin of 12.31%.The company had revenue of $1.12 billion for the quarter. During the same period in the prior year, the firm earned ($0.22) earnings per share. The business’s quarterly revenue was up 330.2% on a year-over-year basis. Research analysts anticipate that Howard Hughes Holdings Inc. will post 2.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HHH. Weiss Ratings raised Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. Zacks Research downgraded Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Howard Hughes from $76.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $79.00.

Insider Activity

In related news, Director Mary Tighe sold 13,495 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $67.25, for a total transaction of $907,538.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 47.70% of the company’s stock.

Howard Hughes Company Profile

Howard Hughes Holdings Inc is a real estate development and management company that creates and operates large-scale master planned communities, mixed-use properties and strategic real estate developments. Its activities include land development, homebuilder lot sales, commercial and multifamily development, retail operations and the management of community amenities and infrastructure.

The company’s master planned communities include Summerlin in the Las Vegas area, The Woodlands and Bridgeland in the Houston area, The Woodlands Hills in Texas, Teravalis in the Phoenix area and Ward Village in Honolulu.