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

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

A number of other hedge funds also recently made changes to their positions in HHH. Jones Financial Companies Lllp purchased a new position in Howard Hughes during the fourth quarter valued at approximately $40,000. Huntington National Bank raised its position in shares of Howard Hughes by 335.5% during the 4th quarter. Huntington National Bank now owns 932 shares of the company's stock valued at $72,000 after purchasing an additional 718 shares during the period. US Bancorp DE lifted its stake in shares of Howard Hughes by 30.7% during the 4th quarter. US Bancorp DE now owns 1,783 shares of the company's stock valued at $137,000 after buying an additional 419 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Howard Hughes by 759.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,725 shares of the company's stock valued at $210,000 after buying an additional 2,408 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in Howard Hughes in the 4th quarter worth $217,000. 93.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. cut Howard Hughes from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $82.00 to $76.00 in a report on Monday. BMO Capital Markets decreased their target price on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, Piper Sandler lowered their price target on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd.

Howard Hughes Stock Performance

HHH opened at $67.31 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 12.92 and a beta of 1.23. The company has a fifty day moving average of $68.56 and a 200 day moving average of $72.60. Howard Hughes Holdings Inc. has a fifty-two week low of $59.83 and a fifty-two week high of $87.77.

Howard Hughes (NYSE:HHH - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. The business 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 14.27% and a return on equity of 10.21%. The business's revenue for the quarter was up 27.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

About Howard Hughes

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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