Eagle Global Advisors LLC Makes New Investment in Howard Hughes Holdings Inc. (NYSE:HHH)

Eagle Global Advisors LLC purchased a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,764 shares of the company’s stock, valued at approximately $322,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new position in Howard Hughes during the 3rd quarter worth approximately $5,154,000. Citigroup Inc. acquired a new position in Howard Hughes during the 3rd quarter worth approximately $48,000. Donald Smith & CO. Inc. grew its holdings in Howard Hughes by 62.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,023,279 shares of the company’s stock worth $87,542,000 after acquiring an additional 394,191 shares in the last quarter. Swiss National Bank acquired a new position in Howard Hughes during the 3rd quarter worth approximately $5,708,000. Finally, American Century Companies Inc. acquired a new position in Howard Hughes during the 3rd quarter worth approximately $22,160,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Insider Activity at Howard Hughes

In related news, insider Heath Melton sold 1,926 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $72.95, for a total value of $140,501.70. Following the completion of the sale, the insider now owns 9,274 shares in the company, valued at approximately $676,538.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 33.00% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price target on shares of Howard Hughes from $90.00 to $84.00 and set an “overweight” rating for the company in a report on Tuesday, April 16th.

Howard Hughes Stock Up 0.9 %

Shares of NYSE:HHH traded up $0.59 during trading on Friday, hitting $65.69. 228,882 shares of the company were exchanged, compared to its average volume of 339,310. The stock has a market capitalization of $3.30 billion, a P/E ratio of -5.60 and a beta of 1.49. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.44 and a quick ratio of 1.44. Howard Hughes Holdings Inc. has a 12-month low of $59.00 and a 12-month high of $86.72. The firm’s 50 day moving average price is $66.87 and its 200-day moving average price is $74.31.

Howard Hughes (NYSE:HHH) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.44 by $0.25. Howard Hughes had a negative net margin of 58.21% and a negative return on equity of 1.59%. The firm had revenue of $335.84 million during the quarter, compared to the consensus estimate of $318.32 million. On average, research analysts predict that Howard Hughes Holdings Inc. will post 2.69 earnings per share for the current fiscal 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.