Impax Asset Management Group plc Acquires 5,312 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Impax Asset Management Group plc raised its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 2.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 262,705 shares of the company's stock after acquiring an additional 5,312 shares during the quarter. Impax Asset Management Group plc owned about 0.52% of Howard Hughes worth $19,461,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of HHH. Brighton Jones LLC bought a new stake in Howard Hughes during the fourth quarter valued at $511,000. Bank of New York Mellon Corp boosted its position in shares of Howard Hughes by 5.0% during the 4th quarter. Bank of New York Mellon Corp now owns 111,834 shares of the company's stock worth $8,602,000 after purchasing an additional 5,356 shares in the last quarter. US Bancorp DE boosted its position in shares of Howard Hughes by 30.7% during the 4th quarter. US Bancorp DE now owns 1,783 shares of the company's stock worth $137,000 after purchasing an additional 419 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Howard Hughes in the 4th quarter worth about $40,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Howard Hughes by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 280,811 shares of the company's stock worth $21,600,000 after acquiring an additional 4,194 shares during the last quarter. Institutional investors own 93.83% of the company's stock.

Howard Hughes Stock Up 0.9%

NYSE:HHH traded up $0.62 on Tuesday, hitting $69.32. The stock had a trading volume of 525,125 shares, compared to its average volume of 376,014. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $3.49 billion, a P/E ratio of 13.31 and a beta of 1.21. Howard Hughes Holdings Inc. has a 1 year low of $59.83 and a 1 year high of $87.77. The firm's fifty day simple moving average is $68.84 and its two-hundred day simple moving average is $71.91.

Howard Hughes (NYSE:HHH - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping 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 company had revenue of $199.33 million during the quarter, compared to analyst estimates of $187.43 million. The company's revenue was up 27.3% on a year-over-year basis. Analysts predict that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HHH shares. BMO Capital Markets lowered their target price on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. JPMorgan Chase & Co. lowered shares of Howard Hughes from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $82.00 to $76.00 in a research note on Monday, June 23rd. Finally, Piper Sandler decreased 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 note on Friday, May 23rd.

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.