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

Impax Asset Management Group plc raised its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 2.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 262,705 shares of the company's stock after purchasing an additional 5,312 shares during the quarter. Impax Asset Management Group plc owned approximately 0.52% of Howard Hughes worth $19,461,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in shares of Howard Hughes during the fourth quarter valued at about $511,000. Bank of New York Mellon Corp boosted its position in 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 valued at $8,602,000 after acquiring an additional 5,356 shares in the last quarter. US Bancorp DE boosted its position in Howard Hughes by 30.7% during the 4th quarter. US Bancorp DE now owns 1,783 shares of the company's stock valued at $137,000 after acquiring an additional 419 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Howard Hughes during the 4th quarter worth approximately $40,000. Finally, Charles Schwab Investment Management Inc. raised its position 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 in the last quarter. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Price Performance

Shares of NYSE HHH opened at $69.39 on Friday. The company has a 50 day simple moving average of $68.79 and a two-hundred day simple moving average of $72.03. Howard Hughes Holdings Inc. has a fifty-two week low of $59.83 and a fifty-two week high of $87.77. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 13.32 and a beta of 1.21. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.41 and a current ratio of 1.41.

Howard Hughes (NYSE:HHH - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.08. The company had revenue of $199.33 million for the quarter, compared to the consensus estimate of $187.43 million. Howard Hughes had a return on equity of 10.21% and a net margin of 14.27%. The business's revenue was up 27.3% compared to the same quarter last year. Analysts expect that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HHH has been the topic of several research reports. JPMorgan Chase & Co. lowered Howard Hughes from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $82.00 to $76.00 in a research report on Monday, June 23rd. Piper Sandler lowered their price objective on 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 reduced their target price on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a research report 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.

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