Sumitomo Mitsui DS Asset Management Company Ltd Buys Shares of 271,670 Howard Hughes Holdings Inc. (NYSE:HHH)

Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of 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 & Exchange Commission. The fund acquired 271,670 shares of the company's stock, valued at approximately $23,241,000. Sumitomo Mitsui DS Asset Management Company Ltd owned approximately 0.54% of Howard Hughes at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HHH. International Assets Investment Management LLC purchased a new stake in Howard Hughes during the fourth quarter worth about $44,000. Baker Avenue Asset Management LP purchased a new stake in shares of Howard Hughes in the third quarter valued at about $45,000. Citigroup Inc. purchased a new stake in shares of Howard Hughes in the third quarter valued at about $48,000. Baystate Wealth Management LLC purchased a new stake in shares of Howard Hughes in the fourth quarter valued at about $68,000. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Howard Hughes in the third quarter valued at about $73,000. Hedge funds and other institutional investors own 93.83% of the company's stock.

Insider Activity

In related news, insider Heath Melton sold 1,926 shares of the company's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $72.95, for a total transaction of $140,501.70. Following the completion of the transaction, the insider now owns 9,274 shares of the company's stock, valued at $676,538.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 33.00% of the company's stock.

Howard Hughes Trading Down 0.8 %

Shares of NYSE:HHH traded down $0.48 during trading on Friday, reaching $60.19. The stock had a trading volume of 445,255 shares, compared to its average volume of 542,278. The business has a fifty day moving average price of $71.94 and a 200-day moving average price of $74.74. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.73. The stock has a market cap of $3.02 billion, a P/E ratio of -5.41 and a beta of 1.48. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $86.72.

Howard Hughes (NYSE:HHH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.25. The business had revenue of $335.84 million during the quarter, compared to analyst estimates of $318.32 million. Howard Hughes had a negative net margin of 53.88% and a negative return on equity of 0.62%. As a group, analysts anticipate that Howard Hughes Holdings Inc. will post 2.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HHH. JPMorgan Chase & Co. reduced their price target on shares of Howard Hughes from $90.00 to $84.00 and set an "overweight" rating on the stock in a report on Tuesday. TheStreet raised shares of Howard Hughes from a "d+" rating to a "c-" rating in a report on Friday, December 22nd.

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.