Bank of Nova Scotia Invests $5.69 Million in Howard Hughes Holdings Inc. (NYSE:HHH)

Bank of Nova Scotia acquired a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 73,921 shares of the company's stock, valued at approximately $5,686,000. Bank of Nova Scotia owned about 0.15% of Howard Hughes at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new stake in Howard Hughes during the fourth quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB bought a new position in Howard Hughes in the 3rd quarter valued at approximately $46,000. Sugar Maple Asset Management LLC bought a new position in shares of Howard Hughes during the 4th quarter valued at $47,000. Huntington National Bank lifted its position in Howard Hughes by 335.5% during the fourth quarter. Huntington National Bank now owns 932 shares of the company's stock valued at $72,000 after purchasing an additional 718 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Howard Hughes by 40.1% in 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 period. Hedge funds and other institutional investors own 93.83% of the company's stock.

Howard Hughes Trading Up 1.3 %

Shares of NYSE:HHH traded up $0.83 during trading on Thursday, hitting $66.44. The company had a trading volume of 35,362 shares, compared to its average volume of 318,627. Howard Hughes Holdings Inc. has a one year low of $59.00 and a one year high of $87.77. The company has a fifty day simple moving average of $72.93 and a two-hundred day simple moving average of $76.62. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 44.00 and a beta of 1.14. 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 (NYSE:HHH - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.40. The company had revenue of $983.59 million for the quarter, compared to analyst estimates of $949.18 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. As a group, equities 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.