Two Sigma Investments LP Makes New $283,000 Investment in Howard Hughes Holdings Inc. (NYSE:HHH)

Two Sigma Investments LP acquired a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,675 shares of the company's stock, valued at approximately $283,000.

Other large investors have also modified their holdings of the company. Pin Oak Investment Advisors Inc. boosted its stake in shares of Howard Hughes by 0.3% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 53,135 shares of the company's stock worth $4,114,000 after buying an additional 144 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Howard Hughes by 1.6% during the fourth quarter. Wells Fargo & Company MN now owns 10,707 shares of the company's stock worth $824,000 after buying an additional 173 shares during the period. Stifel Financial Corp boosted its stake in shares of Howard Hughes by 4.2% during the fourth quarter. Stifel Financial Corp now owns 5,743 shares of the company's stock worth $442,000 after buying an additional 234 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Howard Hughes by 6.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,963 shares of the company's stock worth $305,000 after buying an additional 250 shares during the period. Finally, Boyar Asset Management Inc. boosted its stake in shares of Howard Hughes by 2.8% during the fourth quarter. Boyar Asset Management Inc. now owns 10,769 shares of the company's stock worth $828,000 after buying an additional 296 shares during the period. Hedge funds and other institutional investors own 93.83% of the company's stock.

Howard Hughes Trading Down 2.1%

HHH stock traded down $1.50 during midday trading on Friday, hitting $69.23. The stock had a trading volume of 480,738 shares, compared to its average volume of 359,865. The firm has a market cap of $3.49 billion, a PE ratio of 45.85 and a beta of 1.23. The company's 50-day moving average price is $68.08 and its 200 day moving average price is $73.69. Howard Hughes Holdings Inc. has a 12-month low of $59.83 and a 12-month high of $87.77. 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 (NYSE:HHH - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. The business had revenue of $199.33 million for the quarter, compared to analyst estimates of $187.43 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The business's revenue was up 27.3% compared to the same quarter last year. 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

Several brokerages have recently weighed in on HHH. JPMorgan Chase & Co. decreased their target price on shares of Howard Hughes from $84.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, April 29th. BMO Capital Markets cut their target price on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Finally, Piper Sandler cut their target price on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd.

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.