Pin Oak Investment Advisors Inc. Buys 5,292 Shares of Howard Hughes Holdings Inc. $HHH

Pin Oak Investment Advisors Inc. grew its stake in Howard Hughes Holdings Inc. (NYSE:HHH) by 10.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 58,027 shares of the company’s stock after acquiring an additional 5,292 shares during the period. Howard Hughes accounts for approximately 3.5% of Pin Oak Investment Advisors Inc.’s investment portfolio, making the stock its 6th biggest holding. Pin Oak Investment Advisors Inc.’s holdings in Howard Hughes were worth $4,298,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HHH. Brighton Jones LLC bought a new stake in Howard Hughes in the 4th quarter valued at $511,000. Northside Capital Management LLC bought a new stake in shares of Howard Hughes in the second quarter valued at about $5,322,000. AQR Capital Management LLC boosted its position in shares of Howard Hughes by 37.7% in the first quarter. AQR Capital Management LLC now owns 147,754 shares of the company’s stock valued at $10,946,000 after acquiring an additional 40,414 shares during the period. American Century Companies Inc. grew its stake in shares of Howard Hughes by 24.8% in the first quarter. American Century Companies Inc. now owns 779,879 shares of the company’s stock valued at $57,773,000 after acquiring an additional 155,110 shares in the last quarter. Finally, Comerica Bank increased its position in Howard Hughes by 619.4% during the first quarter. Comerica Bank now owns 7,136 shares of the company’s stock worth $529,000 after acquiring an additional 6,144 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Howard Hughes in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on Howard Hughes from $76.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Finally, Zacks Research downgraded Howard Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $83.33.

Howard Hughes Price Performance

Shares of NYSE:HHH opened at $83.12 on Tuesday. The firm has a 50 day moving average of $81.65 and a 200-day moving average of $74.41. Howard Hughes Holdings Inc. has a 12 month low of $61.40 and a 12 month high of $90.27. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $4.94 billion, a PE ratio of 18.19 and a beta of 1.26.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results on Monday, November 10th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.46. Howard Hughes had a net margin of 12.85% and a return on equity of 10.51%. The business had revenue of $390.24 million for the quarter, compared to analyst estimates of $331.52 million. During the same quarter last year, the business posted $1.95 EPS. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, equities research analysts predict that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal year.

Insider Activity

In other news, Director Anthony Williams sold 1,100 shares of Howard Hughes stock in a transaction on Friday, September 26th. The stock was sold at an average price of $79.58, for a total value of $87,538.00. Following the transaction, the director owned 8,102 shares in the company, valued at approximately $644,757.16. This trade represents a 11.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 48.00% of the company’s stock.

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.