Wealth Enhancement Advisory Services LLC Takes Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Wealth Enhancement Advisory Services LLC acquired a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,461 shares of the company's stock, valued at approximately $497,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Pin Oak Investment Advisors Inc. raised its holdings in shares of Howard Hughes by 0.3% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 53,135 shares of the company's stock valued at $4,114,000 after purchasing an additional 144 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Howard Hughes by 1.6% in the fourth quarter. Wells Fargo & Company MN now owns 10,707 shares of the company's stock valued at $824,000 after purchasing an additional 173 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Howard Hughes by 4.2% in the fourth quarter. Stifel Financial Corp now owns 5,743 shares of the company's stock valued at $442,000 after purchasing an additional 234 shares during the last quarter. Boyar Asset Management Inc. raised its holdings in shares of Howard Hughes by 2.8% in the fourth quarter. Boyar Asset Management Inc. now owns 10,769 shares of the company's stock valued at $828,000 after purchasing an additional 296 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Howard Hughes by 12.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,001 shares of the company's stock valued at $231,000 after purchasing an additional 329 shares during the last quarter. Institutional investors own 93.83% of the company's stock.

Howard Hughes Stock Performance

HHH stock traded down $1.50 during midday trading on Friday, reaching $69.23. 480,738 shares of the company were exchanged, compared to its average volume of 360,578. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50-day moving average price of $68.08 and a two-hundred day moving average price of $73.59. Howard Hughes Holdings Inc. has a one year low of $59.83 and a one year high of $87.77. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 45.85 and a beta of 1.23.

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, topping analysts' consensus estimates of $0.13 by $0.08. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The firm had revenue of $199.33 million during the quarter, compared to analysts' expectations of $187.43 million. The firm's revenue for the quarter was up 27.3% on a year-over-year basis. Equities research analysts forecast that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HHH shares. Piper Sandler lowered their target price 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. BMO Capital Markets lowered their target price on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Howard Hughes from $84.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, April 29th.

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.