Alliancebernstein L.P. increased its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 58.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,343 shares of the company's stock after purchasing an additional 6,796 shares during the quarter. Alliancebernstein L.P.'s holdings in Howard Hughes were worth $1,411,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Jones Financial Companies Lllp acquired a new position in Howard Hughes in the fourth quarter valued at about $40,000. Wilmington Savings Fund Society FSB acquired a new position in Howard Hughes in the third quarter valued at about $46,000. Sugar Maple Asset Management LLC acquired a new position in Howard Hughes in the fourth quarter valued at about $47,000. KBC Group NV boosted 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 buying an additional 450 shares during the period. Finally, US Bancorp DE boosted its position in shares of Howard Hughes by 30.7% during the fourth quarter. US Bancorp DE now owns 1,783 shares of the company's stock worth $137,000 after buying an additional 419 shares during the period. 93.83% of the stock is owned by institutional investors.
Howard Hughes Stock Up 1.6 %
Shares of HHH stock traded up $1.05 on Thursday, hitting $67.92. 19,157 shares of the stock were exchanged, compared to its average volume of 314,119. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $3.42 billion, a P/E ratio of 44.98 and a beta of 1.14. The business has a 50-day moving average of $71.98 and a 200 day moving average of $76.24. Howard Hughes Holdings Inc. has a fifty-two week low of $59.83 and a fifty-two week high of $87.77.
Howard Hughes (NYSE:HHH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $3.25 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.40. The company had revenue of $983.59 million during the quarter, compared to analysts' expectations of $949.18 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. Equities analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.
Howard Hughes Company Profile
(
Free Report)
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.
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