Global Assets Advisory LLC Invests $409,000 in Howard Hughes Holdings Inc. (NYSE:HHH)

Global Assets Advisory LLC bought a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,000 shares of the company's stock, valued at approximately $409,000.

A number of other institutional investors have also modified their holdings of the stock. Pin Oak Investment Advisors Inc. increased its position 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 acquiring an additional 144 shares during the period. Wells Fargo & Company MN increased its holdings in Howard Hughes by 1.6% during the fourth quarter. Wells Fargo & Company MN now owns 10,707 shares of the company's stock valued at $824,000 after buying an additional 173 shares during the period. Stifel Financial Corp increased its holdings in Howard Hughes by 4.2% during the fourth quarter. Stifel Financial Corp now owns 5,743 shares of the company's stock valued at $442,000 after buying an additional 234 shares during the period. Boyar Asset Management Inc. increased its holdings in Howard Hughes by 2.8% during the fourth quarter. Boyar Asset Management Inc. now owns 10,769 shares of the company's stock valued at $828,000 after buying an additional 296 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its holdings in Howard Hughes by 12.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,001 shares of the company's stock valued at $231,000 after buying an additional 329 shares during the period. 93.83% of the stock is owned by hedge funds and other institutional investors.

Howard Hughes Price Performance

Shares of HHH opened at $65.95 on Thursday. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 12.66 and a beta of 1.23. Howard Hughes Holdings Inc. has a twelve month low of $59.83 and a twelve month high of $87.77. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.84. The company has a 50 day moving average of $68.54 and a two-hundred day moving average of $72.72.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HHH. JPMorgan Chase & Co. downgraded shares of Howard Hughes from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $82.00 to $76.00 in a research note on Monday. BMO Capital Markets lowered their target price 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, Piper Sandler lowered their target price on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a research note 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.

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