Point72 Asset Management L.P. Takes $600,000 Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Point72 Asset Management L.P. bought a new stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,800 shares of the company's stock, valued at approximately $600,000.

Other large investors have also modified their holdings of the company. Egerton Capital UK LLP purchased a new stake in Howard Hughes in the 4th quarter valued at $34,150,000. Norges Bank purchased a new stake in Howard Hughes in the 4th quarter valued at $29,287,000. T. Rowe Price Investment Management Inc. raised its position in Howard Hughes by 48.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 828,317 shares of the company's stock valued at $63,715,000 after purchasing an additional 269,402 shares during the last quarter. River Road Asset Management LLC raised its position in Howard Hughes by 235.9% in the 4th quarter. River Road Asset Management LLC now owns 312,566 shares of the company's stock valued at $24,043,000 after purchasing an additional 219,514 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Howard Hughes by 50.3% in the 4th quarter. American Century Companies Inc. now owns 624,769 shares of the company's stock valued at $48,057,000 after purchasing an additional 209,217 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Howard Hughes from $84.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, April 29th. BMO Capital Markets reduced their price target on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th.

Howard Hughes Stock Up 0.9%

Shares of Howard Hughes stock opened at $67.01 on Friday. The company has a market cap of $3.38 billion, a P/E ratio of 44.38 and a beta of 1.21. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08. Howard Hughes Holdings Inc. has a one year low of $59.83 and a one year high of $87.77. The firm has a fifty day moving average of $69.46 and a two-hundred day moving average of $75.21.

Howard Hughes (NYSE:HHH - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. The company had revenue of $199.33 million during the quarter, compared to the consensus estimate of $187.43 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The company's revenue was up 27.3% on a year-over-year basis. On average, analysts forecast 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.

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