Harbor Advisors LLC Takes Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Harbor Advisors LLC bought a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,613 shares of the company’s stock, valued at approximately $224,000.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. acquired a new stake in Howard Hughes during the 3rd quarter worth about $359,181,000. Baillie Gifford & Co. bought a new position in Howard Hughes in the 3rd quarter worth approximately $188,891,000. Principal Financial Group Inc. bought a new position in Howard Hughes in the 3rd quarter worth approximately $156,887,000. New South Capital Management Inc. bought a new position in Howard Hughes in the 3rd quarter worth approximately $47,706,000. Finally, Brandywine Global Investment Management LLC bought a new stake in shares of Howard Hughes during the third quarter valued at approximately $44,577,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Heath Melton sold 1,926 shares of the stock in a transaction dated Friday, March 15th. The stock was 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 directly owns 9,274 shares in the company, valued at $676,538.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 33.00% of the stock is owned by corporate insiders.

Howard Hughes Trading Up 3.7 %

NYSE HHH traded up $2.31 on Tuesday, reaching $64.10. The company had a trading volume of 733,961 shares, compared to its average volume of 307,624. The stock’s 50 day moving average is $71.60 and its 200-day moving average is $74.75. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of -5.70 and a beta of 1.48. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.73. Howard Hughes Holdings Inc. has a 52 week low of $59.00 and a 52 week high of $86.72.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.25. The business had revenue of $335.84 million during the quarter, compared to the consensus estimate of $318.32 million. Howard Hughes had a negative return on equity of 0.62% and a negative net margin of 53.88%. Equities analysts predict that Howard Hughes Holdings Inc. will post 2.69 earnings per share for the current year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price objective on Howard Hughes from $90.00 to $84.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 16th.

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.