Sage Investment Counsel LLC Invests $707,000 in Howard Hughes Holdings Inc. (NYSE:HHH)

Sage Investment Counsel LLC acquired a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 9,195 shares of the company’s stock, valued at approximately $707,000. Howard Hughes comprises about 0.9% of Sage Investment Counsel LLC’s portfolio, making the stock its 28th biggest position.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in shares of Howard Hughes during the fourth quarter worth about $511,000. PEAK6 Investments LLC raised its position in shares of Howard Hughes by 201.8% during the third quarter. PEAK6 Investments LLC now owns 17,683 shares of the company’s stock worth $1,369,000 after acquiring an additional 11,824 shares during the last quarter. KBC Group NV raised its position in shares of Howard Hughes by 40.1% during the fourth quarter. KBC Group NV now owns 1,572 shares of the company’s stock worth $121,000 after acquiring an additional 450 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Howard Hughes by 225.6% in the third quarter. JPMorgan Chase & Co. now owns 487,092 shares of the company’s stock worth $37,716,000 after purchasing an additional 337,514 shares in the last quarter. Finally, Rule One Partners LLC bought a new stake in Howard Hughes in the third quarter worth approximately $12,544,000. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Trading Up 2.4 %

Shares of HHH stock opened at $79.31 on Friday. The company has a market cap of $3.98 billion, a P/E ratio of 52.52 and a beta of 1.48. The stock has a 50 day simple moving average of $75.92 and a two-hundred day simple moving average of $77.20. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $87.77.

Howard Hughes (NYSE:HHH) last issued its earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.40. The business had revenue of $983.59 million during the quarter, compared to the consensus estimate of $949.18 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. Research analysts forecast that Howard Hughes Holdings Inc. will post 3.7 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.