Rule One Partners LLC Buys New Stake in Howard Hughes Holdings Inc. (NYSE:HHH)

Rule One Partners LLC acquired a new position in Howard Hughes Holdings Inc. (NYSE:HHH) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 162,001 shares of the company’s stock, valued at approximately $12,544,000. Howard Hughes comprises about 5.4% of Rule One Partners LLC’s holdings, making the stock its 5th largest holding.

Other large investors have also recently bought and sold shares of the company. Diversified Trust Co bought a new position in Howard Hughes during the second quarter worth about $396,000. Assenagon Asset Management S.A. acquired a new stake in Howard Hughes in the 2nd quarter valued at $1,482,000. OFI Invest Asset Management bought a new stake in Howard Hughes in the second quarter valued at $302,000. Bank of New York Mellon Corp raised its stake in Howard Hughes by 7.5% during the second quarter. Bank of New York Mellon Corp now owns 109,407 shares of the company’s stock worth $7,092,000 after acquiring an additional 7,602 shares in the last quarter. Finally, LDR Capital Management LLC lifted its holdings in shares of Howard Hughes by 48.7% during the second quarter. LDR Capital Management LLC now owns 26,011 shares of the company’s stock valued at $1,686,000 after acquiring an additional 8,520 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Stock Down 0.7 %

Shares of HHH opened at $83.38 on Thursday. The business’s 50 day simple moving average is $80.25 and its 200-day simple moving average is $73.75. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. Howard Hughes Holdings Inc. has a one year low of $59.00 and a one year high of $87.77. The company has a market capitalization of $4.18 billion, a P/E ratio of 55.22 and a beta of 1.48.

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 business had revenue of $327.15 million for the quarter, compared to analysts’ expectations of $261.00 million. During the same period in the prior year, the firm earned ($0.26) earnings per share. Howard Hughes’s revenue was up 43.2% compared to the same quarter last year. As a group, sell-side analysts predict that Howard Hughes Holdings Inc. will post 3.28 EPS for the current fiscal year.

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.