Howard Hughes Holdings Inc. $HHH Stock Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC grew its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 14.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,579 shares of the company’s stock after acquiring an additional 14,722 shares during the quarter. Sowell Financial Services LLC’s holdings in Howard Hughes were worth $8,803,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Howard Hughes during the 2nd quarter worth approximately $115,766,000. Donald Smith & CO. Inc. bought a new position in Howard Hughes in the second quarter worth $71,691,000. Flat Footed LLC acquired a new stake in Howard Hughes during the second quarter worth $44,353,683. Bank of America Corp DE acquired a new stake in Howard Hughes during the second quarter worth $21,031,000. Finally, Dimensional Fund Advisors LP increased its holdings in Howard Hughes by 8.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,822,522 shares of the company’s stock valued at $178,549,000 after buying an additional 208,617 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Howard Hughes from $76.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Piper Sandler decreased their target price on shares of Howard Hughes from $100.00 to $83.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Weiss Ratings raised shares of Howard Hughes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Finally, Zacks Research raised shares of Howard Hughes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.00.

Howard Hughes Price Performance

Shares of HHH stock opened at $75.78 on Friday. The stock’s fifty day simple moving average is $67.80 and its 200 day simple moving average is $68.94. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.31 and a quick ratio of 2.31. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 14.91 and a beta of 1.14. Howard Hughes Holdings Inc. has a one year low of $60.09 and a one year high of $91.07.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $2.19. Howard Hughes had a return on equity of 7.51% and a net margin of 12.31%. The firm had revenue of $1.12 billion for the quarter. During the same quarter last year, the company earned ($0.22) earnings per share. The business’s revenue was up 330.2% on a year-over-year basis. On average, analysts expect that Howard Hughes Holdings Inc. will post 4.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Howard Hughes

In related news, Director Mary Tighe sold 13,495 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $67.25, for a total transaction of $907,538.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Andrew D. Davis purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were purchased at an average cost of $64.49 per share, with a total value of $64,490.00. Following the completion of the acquisition, the chief operating officer directly owned 32,530 shares in the company, valued at $2,097,859.70. The trade was a 3.17% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 47.70% of the stock is currently owned by insiders.

Howard Hughes Profile

Howard Hughes Holdings Inc (NYSE: HHH) is a real estate development and operating company focused primarily on master planned communities, residential and commercial development, and the management of related real estate assets. The company develops large-scale communities that may include housing, retail, offices, schools, parks and other amenities, while generating revenue through land sales, development activities and property operations.

The company’s master planned community portfolio has included Summerlin in the Las Vegas area; Bridgeland, The Woodlands and The Woodlands Hills in the greater Houston area; and other communities and real estate assets in selected U.S.