GAMMA Investing LLC Purchases 11,321 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

GAMMA Investing LLC boosted its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 4,817.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,556 shares of the company's stock after purchasing an additional 11,321 shares during the quarter. GAMMA Investing LLC's holdings in Howard Hughes were worth $8,560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Pin Oak Investment Advisors Inc. raised its stake in shares of Howard Hughes by 0.3% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 53,135 shares of the company's stock worth $4,114,000 after buying an additional 144 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Howard Hughes by 1.6% during the 4th quarter. Wells Fargo & Company MN now owns 10,707 shares of the company's stock worth $824,000 after acquiring an additional 173 shares during the period. Stifel Financial Corp raised its position in shares of 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 during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Howard Hughes by 6.7% in the 4th 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. boosted its position in shares of Howard Hughes by 2.8% in the 4th quarter. Boyar Asset Management Inc. now owns 10,769 shares of the company's stock worth $828,000 after purchasing an additional 296 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Trading Up 1.1%

Howard Hughes stock traded up $0.78 during mid-day trading on Tuesday, hitting $69.95. 54,421 shares of the company's stock were exchanged, compared to its average volume of 354,813. Howard Hughes Holdings Inc. has a fifty-two week low of $59.83 and a fifty-two week high of $87.77. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $3.52 billion, a P/E ratio of 46.46 and a beta of 1.23. The company's 50 day simple moving average is $67.78 and its 200-day simple moving average is $73.96.

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 the consensus estimate of $0.13 by $0.08. The company had revenue of $199.33 million during the quarter, compared to analysts' expectations of $187.43 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The firm's quarterly revenue was up 27.3% compared to the same quarter last year. On average, equities analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.

Analyst Ratings Changes

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

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.