Jupiter Topco LLC Takes $1.06 Million Position in Howard Hughes Holdings Inc. $HHH

Jupiter Topco LLC purchased a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,772 shares of the company’s stock, valued at approximately $1,056,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Allworth Financial LP purchased a new stake in Howard Hughes in the 2nd quarter valued at about $31,000. EverSource Wealth Advisors LLC increased its position in shares of Howard Hughes by 191.5% during the second quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after acquiring an additional 339 shares during the last quarter. Huntington National Bank raised its stake in shares of Howard Hughes by 134.1% in the 4th quarter. Huntington National Bank now owns 494 shares of the company’s stock valued at $39,000 after acquiring an additional 283 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of Howard Hughes in the 4th quarter valued at approximately $43,000. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Howard Hughes in the 4th quarter worth approximately $43,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Howard Hughes

In related news, Director Mary Tighe sold 13,495 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $67.25, for a total value of $907,538.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 47.70% of the company’s stock.

Analyst Upgrades and Downgrades

HHH has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. boosted their target price on Howard Hughes from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Weiss Ratings upgraded Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Finally, Zacks Research lowered Howard Hughes from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $79.00.

Howard Hughes Trading Up 0.8%

NYSE:HHH opened at $64.03 on Friday. The firm has a market cap of $3.82 billion, a PE ratio of 12.96 and a beta of 1.14. The stock has a fifty day moving average price of $67.98 and a 200 day moving average price of $66.87. Howard Hughes Holdings Inc. has a 12-month low of $61.01 and a 12-month high of $91.07. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 1.35.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.68 earnings per share for the quarter, topping the consensus estimate of $0.49 by $2.19. The company had revenue of $1.12 billion for the quarter. Howard Hughes had a return on equity of 7.51% and a net margin of 12.31%.Howard Hughes’s revenue for the quarter was up 330.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.22) EPS. Sell-side analysts anticipate that Howard Hughes Holdings Inc. will post 2.77 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.