Simon Quick Advisors LLC Buys 3,606 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Simon Quick Advisors LLC increased its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 54.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,175 shares of the company's stock after acquiring an additional 3,606 shares during the quarter. Simon Quick Advisors LLC's holdings in Howard Hughes were worth $754,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Handelsbanken Fonder AB increased its holdings in shares of Howard Hughes by 37.6% during the 1st quarter. Handelsbanken Fonder AB now owns 19,758 shares of the company's stock worth $1,464,000 after acquiring an additional 5,400 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Howard Hughes during the 1st quarter worth approximately $290,000. Beach Investment Counsel Inc. PA increased its holdings 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 worth $8,349,000 after acquiring an additional 6,326 shares during the last quarter. GAMMA Investing LLC boosted its stake in Howard Hughes by 4,817.4% in the 1st quarter. GAMMA Investing LLC now owns 11,556 shares of the company's stock valued at $8,560,000 after purchasing an additional 11,321 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Howard Hughes in the 4th quarter valued at $497,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HHH. Piper Sandler reduced their price target on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. JPMorgan Chase & Co. reduced their price target on Howard Hughes from $84.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, April 29th. Finally, BMO Capital Markets reduced 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.

Howard Hughes Price Performance

Shares of NYSE:HHH traded down $1.50 during trading on Friday, reaching $69.23. 480,738 shares of the company traded hands, compared to its average volume of 360,578. The company's 50 day moving average is $68.08 and its two-hundred day moving average is $73.59. The firm has a market capitalization of $3.49 billion, a PE ratio of 45.85 and a beta of 1.23. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. Howard Hughes Holdings Inc. has a 52 week low of $59.83 and a 52 week high of $87.77.

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 analysts' consensus estimates of $0.13 by $0.08. The firm had revenue of $199.33 million during 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%. Howard Hughes's revenue was up 27.3% on a year-over-year basis. As a group, sell-side analysts predict that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.

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.