Sierra Summit Advisors LLC Takes Position in Howard Hughes Holdings Inc. $HHH

Sierra Summit Advisors LLC acquired a new stake in Howard Hughes Holdings Inc. (NYSE:HHH) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 10,733 shares of the company’s stock, valued at approximately $856,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC lifted its stake in shares of Howard Hughes by 41.5% in the 4th quarter. Signaturefd LLC now owns 423 shares of the company’s stock valued at $34,000 after purchasing an additional 124 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Howard Hughes by 191.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after purchasing an additional 339 shares during the period. Fifth Third Bancorp increased its stake in shares of Howard Hughes by 37.2% in the 4th quarter. Fifth Third Bancorp now owns 572 shares of the company’s stock valued at $46,000 after acquiring an additional 155 shares in the last quarter. Allworth Financial LP increased its stake in shares of Howard Hughes by 56.1% in the 4th quarter. Allworth Financial LP now owns 662 shares of the company’s stock valued at $53,000 after acquiring an additional 238 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Howard Hughes in the 3rd quarter valued at $76,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Howard Hughes Stock Performance

Shares of Howard Hughes stock opened at $64.52 on Friday. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 31.63 and a beta of 1.15. The business has a 50-day simple moving average of $63.82 and a 200 day simple moving average of $75.09. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.58 and a quick ratio of 1.58. Howard Hughes Holdings Inc. has a one year low of $61.01 and a one year high of $91.07.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HHH shares. Zacks Research lowered shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings lowered shares of Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Howard Hughes presently has an average rating of “Reduce” and an average target price of $85.00.

Insiders Place Their Bets

In other Howard Hughes news, General Counsel Joseph Valane purchased 1,260 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $64.45 per share, for a total transaction 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 purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider James Carman sold 1,500 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $64.20, for a total transaction of $96,300.00. Following the sale, the insider owned 22,096 shares of the company’s stock, valued at $1,418,563.20. This trade represents a 6.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 48.00% of the company’s stock.

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.