Proficio Capital Partners LLC Invests $2.19 Million in Howard Hughes Holdings Inc. $HHH

Proficio Capital Partners LLC acquired a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 30,646 shares of the company’s stock, valued at approximately $2,191,000.

A number of other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP acquired a new stake in shares of Howard Hughes during the 2nd quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its stake in 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 during the last quarter. Huntington National Bank grew its position in 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 acquiring an additional 283 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Howard Hughes during the 4th quarter worth $43,000. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Howard Hughes during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Insider Transactions at Howard Hughes

In other news, Director Mary Ann Tighe sold 13,495 shares of the business’s 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 47.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on HHH. Weiss Ratings raised shares of Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. Zacks Research lowered Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. boosted their target price on Howard Hughes from $76.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Finally, Wall Street Zen upgraded Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $79.00.

Howard Hughes Stock Performance

HHH opened at $65.62 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.35. The stock’s 50 day moving average price is $68.62 and its two-hundred day moving average price is $67.69. The firm has a market capitalization of $3.92 billion, a P/E ratio of 13.28 and a beta of 1.14. Howard Hughes Holdings Inc. has a 12-month low of $61.01 and a 12-month high of $91.07.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $2.19. Howard Hughes had a net margin of 12.31% and a return on equity of 7.51%. The business had revenue of $1.12 billion for the quarter. During the same quarter in the previous year, the business posted ($0.22) EPS. The company’s revenue was up 330.2% on a year-over-year basis. On average, equities analysts forecast that Howard Hughes Holdings Inc. will post 2.77 earnings per share for the current year.

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.