Sterling Capital Management LLC Increases Stock Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Sterling Capital Management LLC raised its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 4.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 14,690 shares of the company’s stock after purchasing an additional 569 shares during the period. Sterling Capital Management LLC’s holdings in Howard Hughes were worth $1,130,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. FMR LLC increased its stake in shares of Howard Hughes by 46.9% in the 3rd quarter. FMR LLC now owns 5,985 shares of the company’s stock valued at $463,000 after purchasing an additional 1,910 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Howard Hughes by 29.9% during the 3rd quarter. Stifel Financial Corp now owns 5,509 shares of the company’s stock worth $427,000 after buying an additional 1,268 shares during the period. State Street Corp lifted its position in shares of Howard Hughes by 3.2% during the 3rd quarter. State Street Corp now owns 605,785 shares of the company’s stock valued at $46,906,000 after buying an additional 19,045 shares in the last quarter. M&T Bank Corp grew its stake in Howard Hughes by 9.4% in the 3rd quarter. M&T Bank Corp now owns 5,419 shares of the company’s stock valued at $419,000 after acquiring an additional 465 shares during the period. Finally, Rule One Partners LLC purchased a new stake in Howard Hughes in the 3rd quarter worth $12,544,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Stock Performance

HHH opened at $65.97 on Wednesday. The firm’s fifty day simple moving average is $73.15 and its two-hundred day simple moving average is $76.70. Howard Hughes Holdings Inc. has a 52-week low of $59.00 and a 52-week high of $87.77. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 43.69 and a beta of 1.14. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.40. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The company had revenue of $983.59 million for the quarter, compared to analysts’ expectations of $949.18 million. Equities analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

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.