Howard Hughes Holdings Inc. $HHH Position Increased by Sowell Financial Services LLC

Key Points

• Sowell Financial Services increased its Howard Hughes stake by 14% in the third quarter, adding 14,722 shares to own 119,579 shares valued at approximately $8.8 million. Institutional investors collectively own 93.83% of HHH.
• Analyst sentiment is moderately positive, with a consensus “Moderate Buy” rating and an $81 price target. Ratings include one Strong Buy, one Buy and two Holds.
• Howard Hughes reported quarterly EPS of $2.68, far exceeding the $0.49 consensus estimate, while revenue rose 330.2% year over year to $1.12 billion. HHH recently opened at $75.78, below its 12-month high of $91.07.

Sowell Financial Services LLC boosted its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 14.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 119,579 shares of the company's stock after purchasing an additional 14,722 shares during the period. Sowell Financial Services LLC owned about 0.20% of Howard Hughes worth $8,803,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Allworth Financial LP purchased a new stake in Howard Hughes in the 2nd quarter worth approximately $31,000. GAMMA Investing LLC boosted its stake in shares of Howard Hughes by 74.5% during the 3rd quarter. GAMMA Investing LLC now owns 452 shares of the company's stock valued at $33,000 after buying an additional 193 shares during the period. Versant Capital Management Inc grew its holdings in shares of Howard Hughes by 688.4% during the 2nd quarter. Versant Capital Management Inc now owns 883 shares of the company's stock valued at $63,000 after acquiring an additional 771 shares in the last quarter. Nykredit A S purchased a new position in shares of Howard Hughes during the 2nd quarter valued at $110,000. Finally, Global Assets Advisory LLC purchased a new position in shares of Howard Hughes during the 1st quarter valued at $127,000. Institutional investors and hedge funds own 93.83% of the company's stock.

Analyst Upgrades and Downgrades

HHH has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on Howard Hughes from $76.00 to $79.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. Piper Sandler lowered their target price on Howard Hughes from $100.00 to $83.00 and set an "overweight" rating on the stock in a research note on Monday, October 12th. Weiss Ratings raised Howard Hughes from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday. Finally, Zacks Research raised Howard Hughes from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Howard Hughes presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.00.

Howard Hughes Stock Performance

HHH stock opened at $75.78 on Friday. The firm has a 50 day moving average of $67.80 and a two-hundred day moving average of $68.94. Howard Hughes Holdings Inc. has a 12 month low of $60.09 and a 12 month high of $91.07. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 14.91 and a beta of 1.14. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 1.35.

Howard Hughes (NYSE:HHH - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $2.19. The business had revenue of $1.12 billion for the quarter. Howard Hughes had a net margin of 12.31% and a return on equity of 7.51%. The firm's revenue for the quarter was up 330.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.22) EPS. As a group, equities analysts anticipate that Howard Hughes Holdings Inc. will post 4.47 EPS for the current fiscal year.

Insider Buying and Selling at Howard Hughes

In related news, Director Mary Tighe sold 13,495 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $67.25, for a total transaction of $907,538.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Andrew D. Davis purchased 1,000 shares of the business's stock in a transaction dated Wednesday, September 23rd. The shares were acquired at an average price of $64.49 per share, with a total value of $64,490.00. Following the completion of the acquisition, the chief operating officer owned 32,530 shares of the company's stock, valued at approximately $2,097,859.70. The trade was a 3.17% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 47.70% of the company's stock.

Howard Hughes Company Profile

Howard Hughes Holdings Inc NYSE: HHH is a real estate development and operating company focused primarily on master planned communities, residential and commercial development, and the management of related real estate assets. The company develops large-scale communities that may include housing, retail, offices, schools, parks and other amenities, while generating revenue through land sales, development activities and property operations.

The company's master planned community portfolio has included Summerlin in the Las Vegas area; Bridgeland, The Woodlands and The Woodlands Hills in the greater Houston area; and other communities and real estate assets in selected U.S.

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