Poehling Capital Management INC. Makes New $618,000 Investment in Howard Hughes Holdings Inc. (NYSE:HHH)

Poehling Capital Management INC. bought a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,336 shares of the company's stock, valued at approximately $618,000.

A number of other institutional investors and hedge funds also recently modified their holdings of HHH. Brighton Jones LLC acquired a new stake in shares of Howard Hughes during the fourth quarter worth $511,000. US Bancorp DE raised its position in shares of Howard Hughes by 30.7% during the fourth quarter. US Bancorp DE now owns 1,783 shares of the company's stock worth $137,000 after purchasing an additional 419 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of Howard Hughes during the fourth quarter worth $40,000. Charles Schwab Investment Management Inc. raised its position in shares of Howard Hughes by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 280,811 shares of the company's stock worth $21,600,000 after purchasing an additional 4,194 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Howard Hughes during the fourth quarter worth $422,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Howard Hughes Stock Down 0.5%

NYSE:HHH traded down $0.32 during trading hours on Friday, hitting $68.65. 218,778 shares of the company's stock traded hands, compared to its average volume of 378,192. The firm has a market cap of $3.46 billion, a P/E ratio of 13.18 and a beta of 1.21. Howard Hughes Holdings Inc. has a twelve month low of $59.83 and a twelve month high of $87.77. 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's fifty day moving average price is $69.07 and its two-hundred day moving average price is $71.61.

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, beating the consensus estimate of $0.13 by $0.08. The firm had revenue of $199.33 million for the quarter, compared to analyst estimates of $187.43 million. Howard Hughes had a return on equity of 10.21% and a net margin of 14.27%. The firm's revenue was up 27.3% compared to the same quarter last year. On average, research analysts expect that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HHH has been the topic of a number of recent analyst reports. BMO Capital Markets cut their target price on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Piper Sandler dropped their price target on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Finally, 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.

About Howard Hughes

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.