Proficio Capital Partners LLC Purchases Shares of 30,646 Howard Hughes Holdings Inc. $HHH

Key Points

• Proficio Capital Partners acquired 30,646 shares of Howard Hughes Holdings, valued at approximately $2.19 million, representing about 0.05% of the company. Institutional investors collectively own 93.83% of HHH.
• Howard Hughes reported strong quarterly results, with EPS of $2.68 versus the $0.49 consensus estimate and revenue of $1.12 billion, up 330.2% year over year.
• Analyst sentiment remains cautious: HHH has a consensus rating of “Reduce” and a $79 price target, while shares recently opened at $65.62. Director Mary Ann Tighe also sold 13,495 shares for roughly $907,539.

Proficio Capital Partners LLC acquired a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 30,646 shares of the company's stock, valued at approximately $2,191,000. Proficio Capital Partners LLC owned about 0.05% of Howard Hughes as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HHH. Sequoia Financial Advisors LLC lifted its position in Howard Hughes by 0.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 27,193 shares of the company's stock worth $2,169,000 after buying an additional 147 shares during the period. Fifth Third Bancorp grew its stake in shares of Howard Hughes by 37.2% during the 4th quarter. Fifth Third Bancorp now owns 572 shares of the company's stock valued at $46,000 after buying an additional 155 shares during the period. &PARTNERS increased its stake in Howard Hughes by 3.9% during the fourth quarter. &PARTNERS now owns 5,407 shares of the company's stock worth $431,000 after acquiring an additional 204 shares during the last quarter. California State Teachers Retirement System raised its holdings in Howard Hughes by 0.7% in the second quarter. California State Teachers Retirement System now owns 30,098 shares of the company's stock valued at $2,032,000 after buying an additional 217 shares during the period. Finally, Valeo Financial Advisors LLC increased its position in shares of Howard Hughes by 7.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,409 shares of the company's stock worth $244,000 after acquiring an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

Insider Activity at Howard Hughes

In other Howard Hughes news, Director Mary Ann Tighe sold 13,495 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $67.25, for a total value of $907,538.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 47.70% of the company's stock.

Analyst Ratings Changes

HHH has been the topic of several recent research reports. Wall Street Zen raised Howard Hughes from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Zacks Research downgraded Howard Hughes from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 21st. Weiss Ratings upgraded shares of Howard Hughes from a "sell (d)" rating to a "hold (c-)" rating in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Howard Hughes from $76.00 to $79.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $79.00.

Howard Hughes Stock Performance

Shares of HHH opened at $65.62 on Thursday. The firm has a fifty day moving average of $68.62 and a 200-day moving average of $67.69. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 13.28 and a beta of 1.14. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.58 and a current ratio of 1.58. Howard Hughes Holdings Inc. has a 1 year low of $61.01 and a 1 year high of $91.07.

Howard Hughes (NYSE:HHH - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $2.19. The business had revenue of $1.12 billion during the quarter. Howard Hughes had a return on equity of 7.51% and a net margin of 12.31%.The business's quarterly revenue was up 330.2% compared to the same quarter last year. During the same period last year, the company earned ($0.22) earnings per share. As a group, equities analysts anticipate that Howard Hughes Holdings Inc. will post 2.77 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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