Howard Hughes Holdings Inc. (NYSE:HHH) Shares Purchased by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA grew its holdings in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 5.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,698 shares of the company's stock after buying an additional 6,326 shares during the quarter. Howard Hughes accounts for 1.2% of Beach Investment Counsel Inc. PA's investment portfolio, making the stock its 23rd largest position. Beach Investment Counsel Inc. PA owned about 0.22% of Howard Hughes worth $8,349,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Pin Oak Investment Advisors Inc. grew its position in shares of Howard Hughes by 0.3% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 53,135 shares of the company's stock valued at $4,114,000 after purchasing an additional 144 shares during the period. Wells Fargo & Company MN grew its position in shares of Howard Hughes by 1.6% in the fourth quarter. Wells Fargo & Company MN now owns 10,707 shares of the company's stock valued at $824,000 after purchasing an additional 173 shares during the period. Stifel Financial Corp grew its position in shares of Howard Hughes by 4.2% in the fourth quarter. Stifel Financial Corp now owns 5,743 shares of the company's stock valued at $442,000 after purchasing an additional 234 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Howard Hughes by 6.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,963 shares of the company's stock valued at $305,000 after purchasing an additional 250 shares during the period. Finally, Boyar Asset Management Inc. grew its position in shares of Howard Hughes by 2.8% in the fourth quarter. Boyar Asset Management Inc. now owns 10,769 shares of the company's stock valued at $828,000 after purchasing an additional 296 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Howard Hughes from $84.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday, April 29th. Piper Sandler cut their price objective on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Finally, BMO Capital Markets cut their price objective on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th.

Howard Hughes Trading Down 0.6%

HHH traded down $0.40 during mid-day trading on Wednesday, hitting $70.21. 426,135 shares of the stock were exchanged, compared to its average volume of 357,116. The firm's fifty day moving average is $67.78 and its two-hundred day moving average is $73.94. Howard Hughes Holdings Inc. has a 1-year low of $59.83 and a 1-year high of $87.77. 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 company has a market cap of $3.54 billion, a PE ratio of 46.50 and a beta of 1.23.

Howard Hughes (NYSE:HHH - Get Free Report) last posted its earnings results 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. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The firm had revenue of $199.33 million for the quarter, compared to analyst estimates of $187.43 million. The business's revenue was up 27.3% on a year-over-year basis. Equities analysts forecast that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

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.