Northern Trust Corp Has $18 Million Stock Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

Northern Trust Corp increased its position in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 32.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 234,021 shares of the company's stock after purchasing an additional 57,363 shares during the quarter. Northern Trust Corp owned approximately 0.47% of Howard Hughes worth $18,001,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HHH. Jones Financial Companies Lllp bought a new position in Howard Hughes during the fourth quarter worth about $40,000. Sugar Maple Asset Management LLC bought a new position in Howard Hughes during the fourth quarter worth about $47,000. Huntington National Bank boosted its holdings in Howard Hughes by 335.5% during the fourth quarter. Huntington National Bank now owns 932 shares of the company's stock worth $72,000 after buying an additional 718 shares during the last quarter. KBC Group NV boosted its holdings in Howard Hughes by 40.1% during the fourth quarter. KBC Group NV now owns 1,572 shares of the company's stock worth $121,000 after buying an additional 450 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in Howard Hughes by 30.7% during the fourth quarter. US Bancorp DE now owns 1,783 shares of the company's stock worth $137,000 after buying an additional 419 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Stock Down 0.3%

Shares of NYSE:HHH traded down $0.18 during trading on Friday, hitting $70.62. 575,046 shares of the company's stock traded hands, compared to its average volume of 339,078. Howard Hughes Holdings Inc. has a 52 week low of $59.83 and a 52 week high of $87.77. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 46.77 and a beta of 1.21. The company has a 50-day moving average price of $69.86 and a 200-day moving average price of $75.43.

Howard Hughes (NYSE:HHH - Get Free Report) last released its quarterly earnings data 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. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The business had revenue of $199.33 million for the quarter, compared to analysts' expectations of $187.43 million. The business's revenue for the quarter was up 27.3% compared to the same quarter last year. As a group, research analysts forecast that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HHH. JPMorgan Chase & Co. reduced their target price on Howard Hughes from $84.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, April 29th. BMO Capital Markets reduced their target price on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a report 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.