TrueMark Investments LLC Purchases New Stake in Howard Hughes Holdings Inc. $HHH

TrueMark Investments LLC purchased a new stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 16,038 shares of the company’s stock, valued at approximately $1,318,000.

Other large investors have also added to or reduced their stakes in the company. Covestor Ltd raised its stake in shares of Howard Hughes by 18.3% during the third quarter. Covestor Ltd now owns 3,027 shares of the company’s stock valued at $249,000 after acquiring an additional 468 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Howard Hughes during the 3rd quarter valued at about $239,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Howard Hughes in the 3rd quarter worth approximately $253,000. Meitav Investment House Ltd. purchased a new stake in Howard Hughes in the 3rd quarter worth approximately $288,000. Finally, Quent Capital LLC bought a new stake in shares of Howard Hughes in the 3rd quarter worth approximately $143,000. Institutional investors own 93.83% of the company’s stock.

Analyst Ratings Changes

HHH has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Howard Hughes in a report on Monday, December 29th. Zacks Research lowered shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Howard Hughes presently has a consensus rating of “Hold” and a consensus price target of $83.33.

Insider Transactions at Howard Hughes

In other Howard Hughes news, Director R Scot Sellers bought 5,000 shares of the stock in a transaction dated Tuesday, December 23rd. The stock was purchased at an average cost of $77.94 per share, for a total transaction of $389,700.00. Following the completion of the acquisition, the director owned 67,517 shares of the company’s stock, valued at approximately $5,262,274.98. This trade represents a 8.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mary Ann Tighe sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $88.83, for a total value of $532,980.00. Following the completion of the sale, the director directly owned 13,495 shares in the company, valued at approximately $1,198,760.85. This represents a 30.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 48.00% of the company’s stock.

Howard Hughes Trading Down 1.9%

NYSE HHH opened at $81.15 on Friday. The firm has a market capitalization of $4.82 billion, a PE ratio of 15.82 and a beta of 1.22. The stock’s 50 day moving average is $83.16 and its 200 day moving average is $79.18. Howard Hughes Holdings Inc. has a twelve month low of $61.40 and a twelve month high of $91.07. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.80.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings data on Monday, November 10th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.56 by $0.46. Howard Hughes had a return on equity of 11.06% and a net margin of 14.95%.The business had revenue of $390.24 million during the quarter, compared to analyst estimates of $331.52 million. During the same quarter last year, the firm posted $1.95 earnings per share. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. Research analysts forecast 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. Its MPCs segment develops, sells, and leases residential and commercial land designated for long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona.