Canada Pension Plan Investment Board Makes New $1.88 Million Investment in Howard Hughes Holdings Inc. (NYSE:HHH)

Canada Pension Plan Investment Board acquired a new stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,400 shares of the company's stock, valued at approximately $1,877,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HHH. Jones Financial Companies Lllp acquired a new position in shares of Howard Hughes in the fourth quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB acquired a new stake in Howard Hughes in the 3rd quarter worth about $46,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Howard Hughes in the fourth quarter valued at approximately $47,000. Huntington National Bank boosted its stake in shares of Howard Hughes by 335.5% in the fourth quarter. Huntington National Bank now owns 932 shares of the company's stock valued at $72,000 after buying an additional 718 shares during the period. Finally, KBC Group NV increased its stake in Howard Hughes by 40.1% during the 4th 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. Institutional investors and hedge funds own 93.83% of the company's stock.

Howard Hughes Price Performance

NYSE:HHH traded down $0.85 during mid-day trading on Tuesday, reaching $67.17. The stock had a trading volume of 44,124 shares, compared to its average volume of 312,359. Howard Hughes Holdings Inc. has a 12 month low of $59.83 and a 12 month high of $87.77. The stock has a market capitalization of $3.39 billion, a PE ratio of 44.49 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. The stock has a 50-day simple moving average of $71.58 and a two-hundred day simple moving average of $76.15.

Howard Hughes (NYSE:HHH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $3.25 EPS for the quarter, topping analysts' consensus estimates of $2.85 by $0.40. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The company had revenue of $983.59 million during the quarter, compared to analysts' expectations of $949.18 million. On average, equities analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their target price on Howard Hughes from $84.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday.

Howard Hughes 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.