Russell Investments Group Ltd. Has $45.76 Million Position in Howard Hughes Holdings Inc. $HHH

Key Points

• Russell Investments nearly doubled its stake in Howard Hughes, increasing holdings by 98.3% to 556,860 shares valued at about $45.76 million (roughly 0.94% of the company) at quarter-end.
• Director R. Scot Sellers bought 5,000 shares at $77.94, raising his ownership to 67,517 shares, and company insiders now hold about 48% of Howard Hughes.
• Howard Hughes reported a $1.57 EPS, beating estimates of $0.31 on $624.45 million in revenue, though revenue fell 36.5% year-over-year; the company has a market cap near $3.78 billion and a P/E of about 30.07.

Russell Investments Group Ltd. increased its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 98.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 556,860 shares of the company's stock after acquiring an additional 276,083 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.94% of Howard Hughes worth $45,757,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of HHH. Allworth Financial LP increased its stake in Howard Hughes by 134.2% in the second quarter. Allworth Financial LP now owns 363 shares of the company's stock valued at $25,000 after purchasing an additional 208 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Howard Hughes by 291.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 391 shares of the company's stock worth $27,000 after purchasing an additional 291 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Howard Hughes during the 3rd quarter worth about $31,000. EverSource Wealth Advisors LLC grew its stake in shares of Howard Hughes by 191.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company's stock valued at $35,000 after buying an additional 339 shares during the period. Finally, CWM LLC grew its stake in shares of Howard Hughes by 69.6% in the 3rd quarter. CWM LLC now owns 665 shares of the company's stock valued at $55,000 after buying an additional 273 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Howard Hughes

In related news, Director R Scot Sellers purchased 5,000 shares of the business's stock in a transaction on Tuesday, December 23rd. The stock was acquired at an average price of $77.94 per share, for a total transaction of $389,700.00. Following the purchase, the director owned 67,517 shares of the company's stock, valued at approximately $5,262,274.98. This trade represents a 8.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 48.00% of the company's stock.

Howard Hughes Stock Down 1.7%

Howard Hughes stock opened at $63.45 on Thursday. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 30.07 and a beta of 1.25. The firm's fifty day moving average price is $78.69 and its two-hundred day moving average price is $80.71. Howard Hughes Holdings Inc. has a 1-year low of $61.40 and a 1-year high of $91.07. 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 (NYSE:HHH - Get Free Report) last posted its earnings results on Thursday, February 19th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $0.31 by $1.26. Howard Hughes had a net margin of 8.40% and a return on equity of 5.54%. The company had revenue of $624.45 million during the quarter. During the same period in the previous year, the firm earned $3.25 earnings per share. The company's revenue was down 36.5% on a year-over-year basis. On average, equities research analysts predict that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HHH shares. Wall Street Zen raised Howard Hughes from a "sell" rating to a "hold" rating in a research note on Saturday, November 15th. Weiss Ratings reissued a "hold (c)" rating on shares of Howard Hughes in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Howard Hughes currently has an average rating of "Hold" and an average target price of $83.33.

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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