Egerton Capital UK LLP Grows Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Egerton Capital UK LLP grew its stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 169.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,196,288 shares of the company's stock after acquiring an additional 752,325 shares during the period. Howard Hughes accounts for about 1.0% of Egerton Capital UK LLP's investment portfolio, making the stock its 24th biggest position. Egerton Capital UK LLP owned approximately 2.37% of Howard Hughes worth $88,621,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of HHH. Proficio Capital Partners LLC increased its stake in Howard Hughes by 1.2% in the first quarter. Proficio Capital Partners LLC now owns 14,744 shares of the company's stock valued at $1,089,000 after purchasing an additional 170 shares in the last quarter. Kestra Private Wealth Services LLC bought a new position in Howard Hughes during the first quarter worth about $220,000. Victory Capital Management Inc. increased its position in Howard Hughes by 2.0% during the first quarter. Victory Capital Management Inc. now owns 300,963 shares of the company's stock worth $22,295,000 after acquiring an additional 5,872 shares during the period. Larson Financial Group LLC increased its holdings in Howard Hughes by 2,290.9% in the 1st quarter. Larson Financial Group LLC now owns 526 shares of the company's stock valued at $39,000 after buying an additional 504 shares during the period. Finally, Whittier Trust Co. bought a new position in Howard Hughes in the 1st quarter valued at about $161,000. 93.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HHH. Piper Sandler reduced their price target on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. BMO Capital Markets lowered their price objective on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lowered shares of Howard Hughes from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $82.00 to $76.00 in a research note on Monday, June 23rd.

Howard Hughes Stock Up 0.5%

HHH traded up $0.33 during mid-day trading on Friday, reaching $69.77. 326,632 shares of the stock were exchanged, compared to its average volume of 393,655. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market capitalization of $3.52 billion, a PE ratio of 13.39 and a beta of 1.21. The company has a 50 day moving average price of $68.83 and a two-hundred day moving average price of $71.35. Howard Hughes Holdings Inc. has a 1 year low of $59.83 and a 1 year high of $87.77.

Howard Hughes (NYSE:HHH - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. The company had revenue of $199.33 million for the quarter, compared to the consensus estimate of $187.43 million. Howard Hughes had a net margin of 14.27% and a return on equity of 10.21%. The firm's revenue for the quarter was up 27.3% compared to the same quarter last year. As a group, research analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

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.