Balyasny Asset Management L.P. Increases Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Balyasny Asset Management L.P. grew its holdings in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 92.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 266,590 shares of the company's stock after purchasing an additional 128,231 shares during the quarter. Balyasny Asset Management L.P. owned about 0.53% of Howard Hughes worth $20,506,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Egerton Capital UK LLP purchased a new position in shares of Howard Hughes during the 4th quarter worth $34,150,000. Norges Bank purchased a new position in Howard Hughes in the fourth quarter worth approximately $29,287,000. T. Rowe Price Investment Management Inc. increased its stake in Howard Hughes by 48.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 828,317 shares of the company's stock worth $63,715,000 after acquiring an additional 269,402 shares during the last quarter. River Road Asset Management LLC raised its position in Howard Hughes by 235.9% in the fourth quarter. River Road Asset Management LLC now owns 312,566 shares of the company's stock valued at $24,043,000 after purchasing an additional 219,514 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Howard Hughes by 50.3% during the 4th quarter. American Century Companies Inc. now owns 624,769 shares of the company's stock worth $48,057,000 after purchasing an additional 209,217 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BMO Capital Markets lowered their price target on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of Howard Hughes from $84.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, April 29th.

Howard Hughes Stock Up 2.4 %

HHH stock traded up $1.65 during mid-day trading on Friday, reaching $71.57. The company had a trading volume of 857,327 shares, compared to its average volume of 328,432. Howard Hughes Holdings Inc. has a fifty-two week low of $59.83 and a fifty-two week high of $87.77. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 47.40 and a beta of 1.21. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a fifty day simple moving average of $70.17 and a 200 day simple moving average of $75.56.

Howard Hughes (NYSE:HHH - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. The business had revenue of $199.33 million during the quarter, compared to analysts' expectations of $187.43 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The firm's quarterly revenue was up 27.3% on a year-over-year basis. Analysts forecast that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal 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.