Handelsbanken Fonder AB Buys 5,400 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Handelsbanken Fonder AB raised its stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 37.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 19,758 shares of the company's stock after purchasing an additional 5,400 shares during the quarter. Handelsbanken Fonder AB's holdings in Howard Hughes were worth $1,464,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HHH. Jones Financial Companies Lllp bought a new position in Howard Hughes in the fourth quarter worth $40,000. Huntington National Bank increased its holdings in shares of Howard Hughes by 335.5% during the fourth quarter. Huntington National Bank now owns 932 shares of the company's stock valued at $72,000 after acquiring an additional 718 shares in the last quarter. US Bancorp DE increased its holdings in shares of Howard Hughes by 30.7% during the fourth quarter. US Bancorp DE now owns 1,783 shares of the company's stock valued at $137,000 after acquiring an additional 419 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Howard Hughes by 759.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,725 shares of the company's stock valued at $210,000 after acquiring an additional 2,408 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of Howard Hughes during the fourth quarter valued at $217,000. Institutional investors own 93.83% of the company's stock.

Wall Street Analyst Weigh In

HHH has been the topic of several research reports. JPMorgan Chase & Co. dropped their target price on Howard Hughes from $84.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th. BMO Capital Markets lowered their price objective on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Finally, Piper Sandler lowered their price objective on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd.

Howard Hughes Stock Performance

Shares of HHH stock opened at $69.23 on Friday. The company has a market capitalization of $3.49 billion, a P/E ratio of 45.85 and a beta of 1.23. The business's 50 day moving average is $68.08 and its two-hundred day moving average is $73.59. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98. Howard Hughes Holdings Inc. has a 12-month low of $59.83 and a 12-month high of $87.77.

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

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