Flat Footed LLC Takes Position in Howard Hughes Holdings Inc. $HHH

Flat Footed LLC bought a new position in Howard Hughes Holdings Inc. (NYSE:HHH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 620,418 shares of the company’s stock, valued at approximately $44,353,683,000. Howard Hughes makes up 3.4% of Flat Footed LLC’s portfolio, making the stock its 4th biggest holding.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HHH. Wall Street Zen upgraded 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 price objective on shares of Howard Hughes from $76.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Zacks Research downgraded Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings raised Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Howard Hughes has a consensus rating of “Reduce” and an average price target of $79.00.

Insider Activity at Howard Hughes

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

Howard Hughes Stock Up 0.5%

Shares of NYSE HHH opened at $67.07 on Wednesday. The firm has a market capitalization of $4.01 billion, a PE ratio of 13.58 and a beta of 1.14. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.35. Howard Hughes Holdings Inc. has a 1 year low of $61.01 and a 1 year high of $91.07. The firm’s 50-day moving average is $68.63 and its 200-day moving average is $67.79.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $2.19. Howard Hughes had a net margin of 12.31% and a return on equity of 8.49%. The business had revenue of $1.12 billion during the quarter. During the same period last year, the firm earned ($0.22) earnings per share. The company’s quarterly revenue was up 330.2% on a year-over-year basis. Equities analysts expect that Howard Hughes Holdings Inc. will post 2.77 EPS for the current year.

About Howard Hughes

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.