Fox Run Management L.L.C. Purchases Shares of 12,351 Howard Hughes Holdings Inc. $HHH

Fox Run Management L.L.C. acquired a new stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,351 shares of the company’s stock, valued at approximately $1,015,000.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in Howard Hughes by 28.9% in the third quarter. EverSource Wealth Advisors LLC now owns 665 shares of the company’s stock valued at $55,000 after purchasing an additional 149 shares during the period. Citigroup Inc. boosted its holdings in shares of Howard Hughes by 10.1% in the 3rd quarter. Citigroup Inc. now owns 31,343 shares of the company’s stock valued at $2,575,000 after purchasing an additional 2,863 shares during the last quarter. Clear Creek Financial Management LLC grew its stake in shares of Howard Hughes by 18.2% during the 3rd quarter. Clear Creek Financial Management LLC now owns 9,653 shares of the company’s stock valued at $793,000 after buying an additional 1,486 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of Howard Hughes by 0.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 172,315 shares of the company’s stock valued at $14,159,000 after buying an additional 1,204 shares during the period. Finally, Cibc World Market Inc. increased its holdings in shares of Howard Hughes by 125.9% during the 3rd quarter. Cibc World Market Inc. now owns 13,323 shares of the company’s stock worth $1,095,000 after buying an additional 7,425 shares during the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wall Street Zen upgraded Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings restated a “hold (c)” rating on shares of Howard Hughes in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $83.33.

Insider Activity at Howard Hughes

In related news, Director R Scot Sellers bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were acquired at an average cost of $77.94 per share, for a total transaction of $389,700.00. Following the acquisition, the director owned 67,517 shares in the company, valued at $5,262,274.98. This represents a 8.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 48.00% of the company’s stock.

Howard Hughes Stock Down 0.1%

Shares of Howard Hughes stock opened at $72.75 on Thursday. The company has a fifty day moving average price of $80.66 and a 200 day moving average price of $80.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.80. Howard Hughes Holdings Inc. has a twelve month low of $61.40 and a twelve month high of $91.07. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 34.48 and a beta of 1.24.

Howard Hughes (NYSE:HHH) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.21). The company had revenue of $624.45 million during the quarter. Howard Hughes had a net margin of 8.40% and a return on equity of 5.57%. Howard Hughes’s revenue for the quarter was down 36.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.25 earnings per share. Equities research analysts forecast that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

Howard Hughes 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.