Raymond James Financial Inc. Takes $422,000 Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Raymond James Financial Inc. purchased a new stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,490 shares of the company's stock, valued at approximately $422,000.

A number of other hedge funds have also bought and sold shares of HHH. Jones Financial Companies Lllp bought a new position in Howard Hughes during the fourth quarter valued at about $40,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Howard Hughes during the 3rd quarter valued at $46,000. Sugar Maple Asset Management LLC acquired a new position in Howard Hughes in the 4th quarter worth about $47,000. Huntington National Bank raised its holdings in shares of 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 purchasing an additional 718 shares in the last quarter. Finally, KBC Group NV boosted its position 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 purchasing an additional 450 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Stock Performance

Shares of HHH stock traded up $2.25 during trading on Monday, reaching $73.78. 1,004,675 shares of the company's stock were exchanged, compared to its average volume of 331,138. Howard Hughes Holdings Inc. has a twelve month low of $59.83 and a twelve month high of $87.77. The firm's fifty day moving average price is $70.17 and its 200-day moving average price is $75.56. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $3.72 billion, a PE ratio of 48.86 and a beta of 1.21.

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

Analyst Ratings Changes

Several brokerages recently issued reports on HHH. BMO Capital Markets lowered 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. JPMorgan Chase & Co. dropped their price target on Howard Hughes from $84.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th.

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.