VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Howard Hughes Holdings Inc. $HHH

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) during the 4th quarter, Holdings Channel reports. The fund bought 30,810 shares of the company’s stock, valued at approximately $2,458,000.

Several other institutional investors also recently made changes to their positions in the stock. Valeo Financial Advisors LLC purchased a new stake in shares of Howard Hughes during the 4th quarter worth $246,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Howard Hughes during the 4th quarter worth $454,000. Ethic Inc. purchased a new stake in shares of Howard Hughes during the 4th quarter worth $715,000. Sequoia Financial Advisors LLC boosted its position in shares of Howard Hughes by 0.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 27,193 shares of the company’s stock worth $2,169,000 after purchasing an additional 147 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its position in shares of Howard Hughes by 22.3% during the 4th quarter. Wolverine Asset Management LLC now owns 4,390 shares of the company’s stock worth $350,000 after purchasing an additional 800 shares in the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, General Counsel Joseph Valane bought 1,260 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $64.45 per share, with a total value of $81,207.00. Following the purchase, the general counsel owned 29,209 shares of the company’s stock, valued at $1,882,520.05. This trade represents a 4.51% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 48.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on HHH shares. Wall Street Zen raised Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research downgraded Howard Hughes from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Finally, Weiss Ratings downgraded Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $85.00.

Howard Hughes Trading Up 0.6%

NYSE:HHH opened at $64.61 on Friday. The company has a market capitalization of $3.85 billion, a PE ratio of 31.67 and a beta of 1.15. The company has a quick ratio of 1.19, a current ratio of 1.58 and a debt-to-equity ratio of 1.97. Howard Hughes Holdings Inc. has a 52-week low of $61.01 and a 52-week high of $91.07. The stock has a fifty day simple moving average of $64.33 and a 200-day simple moving average of $75.66.

Howard Hughes (NYSE:HHH) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. The business had revenue of $235.92 million during the quarter. Howard Hughes had a return on equity of 5.41% and a net margin of 8.04%.The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. On average, equities research analysts expect that Howard Hughes Holdings Inc. will post 3.01 earnings per share for the current fiscal 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.