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

Beach Investment Counsel Inc. PA boosted its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,698 shares of the company's stock after acquiring an additional 6,326 shares during the period. Howard Hughes accounts for approximately 1.2% of Beach Investment Counsel Inc. PA's investment portfolio, making the stock its 23rd biggest position. Beach Investment Counsel Inc. PA owned about 0.22% of Howard Hughes worth $8,349,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Pin Oak Investment Advisors Inc. grew its stake in Howard Hughes by 0.3% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 53,135 shares of the company's stock valued at $4,114,000 after acquiring an additional 144 shares in the last quarter. Wells Fargo & Company MN grew its stake in Howard Hughes by 1.6% during the 4th quarter. Wells Fargo & Company MN now owns 10,707 shares of the company's stock valued at $824,000 after acquiring an additional 173 shares in the last quarter. Stifel Financial Corp grew its stake in Howard Hughes by 4.2% during the 4th quarter. Stifel Financial Corp now owns 5,743 shares of the company's stock valued at $442,000 after acquiring an additional 234 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Howard Hughes by 6.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,963 shares of the company's stock valued at $305,000 after acquiring an additional 250 shares in the last quarter. Finally, Boyar Asset Management Inc. grew its stake in Howard Hughes by 2.8% during the 4th quarter. Boyar Asset Management Inc. now owns 10,769 shares of the company's stock valued at $828,000 after acquiring an additional 296 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

Howard Hughes Trading Up 2.0%

Shares of NYSE HHH traded up $1.34 during midday trading on Friday, reaching $68.70. 404,989 shares of the stock were exchanged, compared to its average volume of 355,007. The company has a 50 day simple moving average of $67.89 and a 200 day simple moving average of $74.12. The stock has a market capitalization of $3.46 billion, a P/E ratio of 45.50 and a beta of 1.23. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08. Howard Hughes Holdings Inc. has a twelve month low of $59.83 and a twelve month high of $87.77.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on HHH shares. JPMorgan Chase & Co. dropped 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. BMO Capital Markets cut their price target on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Piper Sandler cut their price target on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, May 23rd.

Howard Hughes Company 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.