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

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

Other large investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Howard Hughes by 12.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 109,231 shares of the company's stock valued at $8,402,000 after purchasing an additional 12,108 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of Howard Hughes in the fourth quarter worth $283,000. State of Wyoming increased its position in shares of Howard Hughes by 56.5% in the fourth quarter. State of Wyoming now owns 3,379 shares of the company's stock worth $260,000 after purchasing an additional 1,220 shares during the period. Point72 Asset Management L.P. bought a new position in Howard Hughes in the fourth quarter valued at about $600,000. Finally, Quantinno Capital Management LP bought a new position in Howard Hughes in the fourth quarter valued at about $217,000. Institutional investors and hedge funds own 93.83% of the company's stock.

Howard Hughes Stock Up 1.6%

Howard Hughes stock traded up $1.14 during mid-day trading on Monday, reaching $70.53. The stock had a trading volume of 554,559 shares, compared to its average volume of 361,355. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08. Howard Hughes Holdings Inc. has a fifty-two week low of $59.83 and a fifty-two week high of $87.77. The stock's 50-day simple moving average is $68.22 and its 200-day simple moving average is $73.39. The firm has a market capitalization of $3.55 billion, a PE ratio of 46.71 and a beta of 1.23.

Howard Hughes (NYSE:HHH - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share (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 6.57% and a return on equity of 3.38%. The business's revenue was up 27.3% on a year-over-year basis. On average, sell-side analysts forecast that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal year.

Analysts Set New Price Targets

HHH has been the topic of a number of recent research reports. Piper Sandler cut their price target on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. JPMorgan Chase & Co. cut their price target on Howard Hughes from $84.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 29th. Finally, BMO Capital Markets cut their price target 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.

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.