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

GAMMA Investing LLC raised its stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 4,817.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,556 shares of the company's stock after acquiring an additional 11,321 shares during the period. 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 (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its position in 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. Brighton Jones LLC purchased a new stake in shares of Howard Hughes during the fourth quarter worth about $511,000. Ieq Capital LLC purchased a new position in shares of Howard Hughes during the 4th quarter worth $1,025,000. Handelsbanken Fonder AB grew its holdings in Howard Hughes by 7.5% in the fourth quarter. Handelsbanken Fonder AB now owns 14,358 shares of the company's stock valued at $1,104,000 after purchasing an additional 1,000 shares during the period. Finally, O Brien Greene & Co. Inc raised its holdings in shares of Howard Hughes by 10.5% in the 4th quarter. O Brien Greene & Co. Inc now owns 15,805 shares of the company's stock worth $1,216,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds own 93.83% of the company's stock.

Howard Hughes Stock Up 0.9%

Shares of NYSE HHH traded up $0.61 during trading hours on Thursday, hitting $70.75. The stock had a trading volume of 359,274 shares, compared to its average volume of 357,925. Howard Hughes Holdings Inc. has a 52 week low of $59.83 and a 52 week high of $87.77. The firm's 50-day moving average price is $67.84 and its two-hundred day moving average price is $73.91. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $3.57 billion, a P/E ratio of 46.85 and a beta of 1.23.

Howard Hughes (NYSE:HHH - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.08. The business had revenue of $199.33 million for the quarter, compared to analysts' expectations of $187.43 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The firm's quarterly revenue was up 27.3% on a year-over-year basis. Analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Piper Sandler lowered their target price 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. JPMorgan Chase & Co. lowered their price objective on Howard Hughes from $84.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, April 29th. Finally, BMO Capital Markets decreased 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.

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.