Crcm LP Has $48.89 Million Holdings in Howard Hughes Holdings Inc. $HHH

Crcm LP lifted its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 9.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 612,839 shares of the company’s stock after buying an additional 52,126 shares during the period. Howard Hughes accounts for 16.5% of Crcm LP’s portfolio, making the stock its 3rd biggest position. Crcm LP’s holdings in Howard Hughes were worth $48,886,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Signaturefd LLC raised its holdings in shares of Howard Hughes by 41.5% in the fourth quarter. Signaturefd LLC now owns 423 shares of the company’s stock valued at $34,000 after acquiring an additional 124 shares in the last quarter. Huntington National Bank raised its holdings in shares of Howard Hughes by 134.1% in the fourth quarter. Huntington National Bank now owns 494 shares of the company’s stock valued at $39,000 after acquiring an additional 283 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Howard Hughes by 191.5% in the second quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after acquiring an additional 339 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Howard Hughes by 37.2% in the fourth 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. Finally, Allworth Financial LP raised its holdings in shares of Howard Hughes by 56.1% in the fourth 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. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Price Performance

Shares of NYSE HHH opened at $66.91 on Friday. The business’s 50 day moving average price is $64.30 and its 200 day moving average price is $73.07. The firm has a market cap of $3.99 billion, a P/E ratio of 32.80 and a beta of 1.14. Howard Hughes Holdings Inc. has a 52 week low of $61.01 and a 52 week high of $91.07. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.97.

Howard Hughes (NYSE:HHH) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. Howard Hughes had a return on equity of 5.41% and a net margin of 8.04%.The business had revenue of $235.92 million for the quarter. During the same quarter in the prior year, the company posted $0.21 EPS. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, sell-side analysts expect that Howard Hughes Holdings Inc. will post 3.01 earnings per share for the current year.

Insider Buying and Selling

In other Howard Hughes news, insider James Carman sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $64.20, for a total value of $96,300.00. Following the sale, the insider owned 22,096 shares in the company, valued at approximately $1,418,563.20. This represents a 6.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 48.00% of the company’s stock.

Analysts Set New Price Targets

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

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.