Howard Hughes Holdings Inc. (NYSE:HHH) Position Boosted by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its holdings in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 37.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 19,758 shares of the company's stock after buying an additional 5,400 shares during the period. Handelsbanken Fonder AB's holdings in Howard Hughes were worth $1,464,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Howard Hughes during the first quarter valued at approximately $290,000. Beach Investment Counsel Inc. PA grew its stake in Howard Hughes by 5.9% during the 1st quarter. Beach Investment Counsel Inc. PA now owns 112,698 shares of the company's stock worth $8,349,000 after buying an additional 6,326 shares during the last quarter. GAMMA Investing LLC increased its position in Howard Hughes by 4,817.4% in the first quarter. GAMMA Investing LLC now owns 11,556 shares of the company's stock worth $8,560,000 after buying an additional 11,321 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Howard Hughes in the fourth quarter worth $497,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Howard Hughes by 12.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 109,231 shares of the company's stock valued at $8,402,000 after buying an additional 12,108 shares during the last quarter. Institutional investors own 93.83% of the company's stock.

Howard Hughes Price Performance

HHH traded up $0.29 on Wednesday, reaching $69.60. The company had a trading volume of 183,573 shares, compared to its average volume of 361,478. The company has a market capitalization of $3.51 billion, a P/E ratio of 13.36 and a beta of 1.23. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.84. The company has a fifty day moving average of $68.25 and a 200-day moving average of $73.36. Howard Hughes Holdings Inc. has a one year low of $59.83 and a one year high of $87.77.

Howard Hughes (NYSE:HHH - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $187.43 million. Howard Hughes's revenue for the quarter was up 27.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Howard Hughes 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.