Hsbc Holdings PLC Makes New $1.53 Million Investment in Howard Hughes Holdings Inc. (NYSE:HHH)

Hsbc Holdings PLC purchased a new position in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,056 shares of the company's stock, valued at approximately $1,532,000.

A number of other institutional investors have also added to or reduced their stakes in HHH. Dimensional Fund Advisors LP grew its position in Howard Hughes by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,485,447 shares of the company's stock worth $191,180,000 after acquiring an additional 24,360 shares during the last quarter. Donald Smith & CO. Inc. increased its position in shares of Howard Hughes by 0.6% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,661,280 shares of the company's stock valued at $127,786,000 after buying an additional 9,093 shares during the period. American Century Companies Inc. raised its holdings in Howard Hughes by 50.3% in the fourth quarter. American Century Companies Inc. now owns 624,769 shares of the company's stock worth $48,057,000 after purchasing an additional 209,217 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Howard Hughes by 225.6% in the third quarter. JPMorgan Chase & Co. now owns 487,092 shares of the company's stock worth $37,716,000 after purchasing an additional 337,514 shares during the period. Finally, Egerton Capital UK LLP purchased a new position in Howard Hughes during the fourth quarter valued at $34,150,000. Institutional investors own 93.83% of the company's stock.

Howard Hughes Stock Up 2.8 %

Shares of HHH stock traded up $1.92 during mid-day trading on Monday, hitting $69.39. The company's stock had a trading volume of 2,345,294 shares, compared to its average volume of 319,114. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 45.95 and a beta of 1.21. 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 52-week low of $59.83 and a 52-week high of $87.77. The business has a 50-day moving average price of $70.90 and a 200 day moving average price of $75.81.

Howard Hughes (NYSE:HHH - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.40. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The business had revenue of $983.59 million for the quarter, compared to analysts' expectations of $949.18 million. Research analysts predict that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price objective 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.

Howard Hughes Company 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.