Point72 Asset Management L.P. Purchases New Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

Point72 Asset Management L.P. purchased a new position in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,800 shares of the company's stock, valued at approximately $600,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Atomi Financial Group Inc. purchased a new position in Howard Hughes in the 4th quarter worth $224,000. Janney Montgomery Scott LLC increased its holdings in shares of Howard Hughes by 6.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,963 shares of the company's stock valued at $305,000 after purchasing an additional 250 shares during the period. Brighton Jones LLC purchased a new position in shares of Howard Hughes in the fourth quarter worth about $511,000. KBC Group NV raised its stake in shares of Howard Hughes by 40.1% in the fourth quarter. KBC Group NV now owns 1,572 shares of the company's stock worth $121,000 after purchasing an additional 450 shares during the last quarter. Finally, Institute for Wealth Management LLC. acquired a new stake in shares of Howard Hughes during the fourth quarter worth about $305,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Stock Performance

NYSE:HHH traded down $0.11 during trading hours on Wednesday, reaching $68.11. The company had a trading volume of 112,247 shares, compared to its average volume of 348,680. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. Howard Hughes Holdings Inc. has a 1-year low of $59.83 and a 1-year high of $87.77. The business's 50 day moving average price is $69.00 and its 200-day moving average price is $74.83. The firm has a market cap of $3.43 billion, a PE ratio of 45.13 and a beta of 1.21.

Howard Hughes (NYSE:HHH - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The firm had revenue of $199.33 million during the quarter, compared to analysts' expectations of $187.43 million. Howard Hughes's quarterly revenue was up 27.3% on a year-over-year basis. Research analysts forecast that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

Wall Street Analysts Forecast Growth

HHH has been the subject of a number of recent research reports. 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 target price on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Piper Sandler decreased their target price on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a research report 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.