Deutsche Bank AG Invests $1.25 Million in Howard Hughes Holdings Inc. $HHH

Key Points

• Deutsche Bank initiated a $1.25 million position in Howard Hughes Holdings, purchasing 17,540 shares during the second quarter. Institutional investors collectively own 93.83% of the company.
• Howard Hughes reported quarterly EPS of $2.68, surpassing estimates of $0.49, while revenue increased 330.2% year over year to $1.12 billion.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and a $79 target price; the stock recently opened at $64.80, near its 52-week low of $61.01.

Deutsche Bank AG bought a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 17,540 shares of the company's stock, valued at approximately $1,254,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in shares of Howard Hughes by 191.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company's stock valued at $35,000 after purchasing an additional 339 shares during the period. Huntington National Bank boosted its holdings in shares of Howard Hughes by 134.1% during the 4th quarter. Huntington National Bank now owns 494 shares of the company's stock worth $39,000 after buying an additional 283 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Howard Hughes during the 4th quarter worth approximately $43,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Howard Hughes during the 4th quarter worth approximately $43,000. Finally, Fifth Third Bancorp grew its position in shares of Howard Hughes by 37.2% during the 4th quarter. Fifth Third Bancorp now owns 572 shares of the company's stock worth $46,000 after buying an additional 155 shares during the period. Institutional investors and hedge funds own 93.83% of the company's stock.

Insider Activity

In related news, Director Mary Ann Tighe sold 13,495 shares of Howard Hughes stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $67.25, for a total value of $907,538.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 47.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Howard Hughes from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. raised their price target on shares of Howard Hughes from $76.00 to $79.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. Weiss Ratings raised shares of Howard Hughes from a "sell (d)" rating to a "hold (c-)" rating in a research note on Thursday, August 6th. Finally, Zacks Research downgraded shares of Howard Hughes from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Howard Hughes currently has a consensus rating of "Reduce" and a consensus target price of $79.00.

Howard Hughes Price Performance

Shares of NYSE:HHH opened at $64.80 on Friday. The company has a market capitalization of $3.87 billion, a P/E ratio of 13.12 and a beta of 1.14. The company's 50-day moving average is $68.53 and its 200 day moving average is $67.55. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.58 and a current ratio of 1.58. Howard Hughes Holdings Inc. has a fifty-two week low of $61.01 and a fifty-two week high of $91.07.

Howard Hughes (NYSE:HHH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $2.19. The business had revenue of $1.12 billion during the quarter. Howard Hughes had a net margin of 12.31% and a return on equity of 7.51%. The business's quarterly revenue was up 330.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.22) EPS. On average, equities research analysts forecast that Howard Hughes Holdings Inc. will post 2.77 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. Its MPCs segment develops, sells, and leases residential and commercial land designated for long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona.

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