First Trust Advisors LP Boosts Stock Position in Howard Hughes Holdings Inc. $HHH

First Trust Advisors LP raised its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 44.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 57,951 shares of the company’s stock after buying an additional 17,860 shares during the period. First Trust Advisors LP’s holdings in Howard Hughes were worth $3,666,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC lifted its position in shares of Howard Hughes by 41.5% during the fourth quarter. Signaturefd LLC now owns 423 shares of the company’s stock worth $34,000 after purchasing an additional 124 shares during the last quarter. Huntington National Bank grew 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 worth $39,000 after purchasing an additional 283 shares during the last quarter. EverSource Wealth Advisors LLC grew 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 worth $35,000 after purchasing an additional 339 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Howard Hughes in the fourth quarter worth about $43,000. Finally, Atlas Capital Advisors Inc. purchased a new position in Howard Hughes in the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Howard Hughes Stock Up 0.2%

Shares of Howard Hughes stock opened at $65.75 on Thursday. Howard Hughes Holdings Inc. has a 52-week low of $61.01 and a 52-week high of $91.07. The firm’s 50 day moving average price is $68.16 and its 200-day moving average price is $69.23. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.97. The company has a market cap of $3.92 billion, a P/E ratio of 32.23 and a beta of 1.14.

Howard Hughes (NYSE:HHH) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $2.19. Howard Hughes had a return on equity of 5.41% and a net margin of 8.04%.The company had revenue of $1.12 billion during the quarter. During the same quarter last year, the business posted ($0.22) earnings per share. The company’s quarterly revenue was up 330.2% compared to the same quarter last year. On average, sell-side analysts predict that Howard Hughes Holdings Inc. will post 2.77 EPS for the current fiscal year.

Insider Activity at Howard Hughes

In related news, insider James Carman sold 1,500 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $64.20, for a total value of $96,300.00. Following the completion of the transaction, the insider directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 48.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HHH shares. Zacks Research lowered shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Weiss Ratings restated a “sell (d)” rating on shares of Howard Hughes in a research note on Friday, July 17th. JPMorgan Chase & Co. raised their target price 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. Finally, Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Sell” and an average price target of $79.00.

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.