SG Americas Securities LLC Makes New $290,000 Investment in Howard Hughes Holdings Inc. (NYSE:HHH)

SG Americas Securities LLC purchased a new stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 3,914 shares of the company's stock, valued at approximately $290,000.

A number of other institutional investors have also modified their holdings of HHH. Brighton Jones LLC acquired a new position in Howard Hughes in the fourth quarter valued at approximately $511,000. Handelsbanken Fonder AB raised its position in shares of Howard Hughes by 7.5% during the 4th quarter. Handelsbanken Fonder AB now owns 14,358 shares of the company's stock worth $1,104,000 after purchasing an additional 1,000 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Howard Hughes by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 111,834 shares of the company's stock worth $8,602,000 after purchasing an additional 5,356 shares during the last quarter. Proficio Capital Partners LLC boosted its position in Howard Hughes by 143.3% during the 4th quarter. Proficio Capital Partners LLC now owns 35,376 shares of the company's stock valued at $2,721,000 after purchasing an additional 20,836 shares during the period. Finally, Sage Investment Counsel LLC bought a new position in Howard Hughes during the 4th quarter worth $707,000. Institutional investors own 93.83% of the company's stock.

Analyst Ratings Changes

HHH has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut Howard Hughes from an "overweight" rating to a "neutral" rating and cut their target price for the company from $82.00 to $76.00 in a research note on Monday, June 23rd. Piper Sandler dropped their price objective on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Finally, 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 research note on Wednesday, May 7th.

Howard Hughes Stock Performance

HHH stock traded down $0.44 during trading on Monday, reaching $67.38. 606,946 shares of the company's stock were exchanged, compared to its average volume of 371,525. Howard Hughes Holdings Inc. has a 1-year low of $59.83 and a 1-year high of $87.77. The firm has a market cap of $3.40 billion, a PE ratio of 12.93 and a beta of 1.23. The company's fifty day moving average price is $68.65 and its 200-day moving average price is $72.24. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.84.

Howard Hughes (NYSE:HHH - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.08. The business had revenue of $199.33 million for the quarter, compared to analysts' expectations of $187.43 million. Howard Hughes had a net margin of 14.27% and a return on equity of 10.21%. The firm's quarterly revenue was up 27.3% on a year-over-year basis. On average, research analysts expect that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal 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.