Northern Trust Corp Grows Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

Northern Trust Corp raised its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 32.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 234,021 shares of the company's stock after acquiring an additional 57,363 shares during the period. Northern Trust Corp owned approximately 0.47% of Howard Hughes worth $18,001,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HHH. Jones Financial Companies Lllp bought a new position in Howard Hughes during the 4th quarter valued at about $40,000. Sugar Maple Asset Management LLC bought a new position in Howard Hughes during the 4th quarter valued at about $47,000. Huntington National Bank lifted its stake in 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 acquiring an additional 718 shares during the period. KBC Group NV lifted its stake in Howard Hughes by 40.1% during the 4th quarter. KBC Group NV now owns 1,572 shares of the company's stock valued at $121,000 after acquiring an additional 450 shares during the period. Finally, US Bancorp DE lifted its stake in 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 acquiring an additional 419 shares during the period. Institutional investors own 93.83% of the company's stock.

Howard Hughes Stock Performance

Shares of NYSE:HHH traded down $0.68 during trading on Monday, hitting $69.99. The company's stock had a trading volume of 651,517 shares, compared to its average volume of 340,812. The company has a 50-day moving average of $69.80 and a 200-day moving average of $75.38. 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. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 46.35 and a beta of 1.21.

Howard Hughes (NYSE:HHH - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $187.43 million. The company's revenue for the quarter was up 27.3% compared to the same quarter last year. On average, sell-side analysts expect that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HHH shares. 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 research note on Wednesday, May 7th. 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 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.