Simon Quick Advisors LLC Boosts Stake in Howard Hughes Holdings Inc. (NYSE:HHH)

Simon Quick Advisors LLC grew its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 54.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 10,175 shares of the company's stock after acquiring an additional 3,606 shares during the period. Simon Quick Advisors LLC's holdings in Howard Hughes were worth $754,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Handelsbanken Fonder AB grew its position in Howard Hughes by 37.6% during the 1st quarter. Handelsbanken Fonder AB now owns 19,758 shares of the company's stock valued at $1,464,000 after purchasing an additional 5,400 shares during the last quarter. SG Americas Securities LLC purchased a new position in Howard Hughes in the first quarter worth about $290,000. Beach Investment Counsel Inc. PA grew its position in shares of Howard Hughes by 5.9% during the 1st quarter. Beach Investment Counsel Inc. PA now owns 112,698 shares of the company's stock valued at $8,349,000 after acquiring an additional 6,326 shares during the period. GAMMA Investing LLC increased its holdings in Howard Hughes by 4,817.4% in the 1st quarter. GAMMA Investing LLC now owns 11,556 shares of the company's stock worth $8,560,000 after acquiring an additional 11,321 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Howard Hughes during the 4th quarter valued at $497,000. Institutional investors own 93.83% of the company's stock.

Analyst Ratings Changes

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

Howard Hughes Trading Up 1.6%

NYSE HHH traded up $1.14 during trading hours on Monday, hitting $70.53. 554,559 shares of the company were exchanged, compared to its average volume of 361,355. Howard Hughes Holdings Inc. has a 52 week low of $59.83 and a 52 week high of $87.77. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. The stock has a 50-day moving average price of $68.22 and a 200 day moving average price of $73.39. The stock has a market cap of $3.55 billion, a PE ratio of 46.71 and a beta of 1.23.

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

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.