M&T Bank Corp Acquires New Position in Howard Hughes Holdings Inc. $HHH

M&T Bank Corp bought a new position in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 52,757 shares of the company's stock, valued at approximately $4,208,000. M&T Bank Corp owned approximately 0.09% of Howard Hughes as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Howard Hughes by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,497,032 shares of the company's stock worth $205,179,000 after buying an additional 9,102 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Howard Hughes by 0.3% during the third quarter. American Century Companies Inc. now owns 747,495 shares of the company's stock worth $61,422,000 after buying an additional 2,595 shares during the period. Crcm LP grew its holdings in shares of Howard Hughes by 82.5% during the third quarter. Crcm LP now owns 560,713 shares of the company's stock valued at $46,074,000 after buying an additional 253,490 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Howard Hughes by 98.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company's stock valued at $45,757,000 after acquiring an additional 276,083 shares during the period. Finally, Gotham Asset Management LLC increased its position in shares of Howard Hughes by 31.5% in the 3rd quarter. Gotham Asset Management LLC now owns 337,199 shares of the company's stock valued at $27,708,000 after acquiring an additional 80,701 shares during the period. Hedge funds and other institutional investors own 93.83% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on HHH shares. Weiss Ratings cut Howard Hughes from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, April 6th. Wall Street Zen lowered Howard Hughes from a "hold" rating to a "sell" rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Howard Hughes presently has an average rating of "Hold" and a consensus target price of $83.33.

Insiders Place Their Bets

In related news, General Counsel Joseph Valane acquired 1,260 shares of Howard Hughes stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $64.45 per share, for a total transaction of $81,207.00. Following the purchase, the general counsel owned 29,209 shares of the company's stock, valued at approximately $1,882,520.05. This represents a 4.51% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 48.00% of the company's stock.

Howard Hughes Stock Performance

Shares of NYSE HHH opened at $64.16 on Monday. The company has a 50 day simple moving average of $67.24 and a two-hundred day simple moving average of $77.06. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 30.41 and a beta of 1.28. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.73. Howard Hughes Holdings Inc. has a 12 month low of $61.01 and a 12 month high of $91.07.

Howard Hughes (NYSE:HHH - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.21). The business had revenue of $624.45 million during the quarter. Howard Hughes had a return on equity of 5.54% and a net margin of 8.40%.Howard Hughes's revenue for the quarter was down 36.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.25 EPS. As a group, analysts predict that Howard Hughes Holdings Inc. will post 3.01 earnings per share for the current 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. Its MPCs segment develops, sells, and leases residential and commercial land designated for long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona.

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