Sapient Capital LLC Takes $226,000 Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Sapient Capital LLC acquired a new stake in Howard Hughes Holdings Inc. (NYSE:HHH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,637 shares of the company’s stock, valued at approximately $226,000.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in Howard Hughes during the 4th quarter valued at approximately $44,000. Baker Avenue Asset Management LP purchased a new stake in shares of Howard Hughes during the third quarter valued at $45,000. Citigroup Inc. acquired a new position in shares of Howard Hughes in the 3rd quarter valued at $48,000. Baystate Wealth Management LLC purchased a new position in Howard Hughes in the 4th quarter worth $68,000. Finally, Nisa Investment Advisors LLC purchased a new position in Howard Hughes in the 3rd quarter worth $73,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their price target 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 Stock Performance

HHH opened at $66.29 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.73. Howard Hughes Holdings Inc. has a 12-month low of $59.00 and a 12-month high of $86.72. The firm has a 50 day moving average of $69.06 and a two-hundred day moving average of $74.51. The firm has a market capitalization of $3.33 billion, a PE ratio of -5.96 and a beta of 1.49.

Howard Hughes (NYSE:HHH) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.25. The firm had revenue of $335.84 million for 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%. On average, analysts anticipate that Howard Hughes Holdings Inc. will post 2.69 EPS for the current year.

Insiders Place Their Bets

In related news, insider Heath Melton sold 1,926 shares of Howard Hughes stock in a transaction that occurred on 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 33.00% of the stock is owned by insiders.

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.