Impax Asset Management Group plc Makes New $7.74 Million Investment in Howard Hughes Holdings Inc. (NYSE:HHH)

Impax Asset Management Group plc bought a new stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 100,000 shares of the company’s stock, valued at approximately $7,743,000. Impax Asset Management Group plc owned approximately 0.20% of Howard Hughes as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. US Bancorp DE raised its holdings in Howard Hughes by 16.2% during the third quarter. US Bancorp DE now owns 1,364 shares of the company’s stock valued at $106,000 after acquiring an additional 190 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Howard Hughes during the 3rd quarter valued at approximately $167,000. Sequoia Financial Advisors LLC purchased a new position in Howard Hughes in the 3rd quarter worth approximately $2,619,000. LDR Capital Management LLC boosted its stake in Howard Hughes by 8.8% in the 3rd quarter. LDR Capital Management LLC now owns 28,289 shares of the company’s stock worth $2,190,000 after purchasing an additional 2,278 shares during the period. Finally, Beech Hill Advisors Inc. boosted its stake in Howard Hughes by 24.0% in the 3rd quarter. Beech Hill Advisors Inc. now owns 9,050 shares of the company’s stock worth $701,000 after purchasing an additional 1,750 shares during the period. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Trading Up 6.5 %

Howard Hughes stock opened at $80.88 on Wednesday. Howard Hughes Holdings Inc. has a 1 year low of $59.00 and a 1 year high of $86.72. The firm’s 50 day moving average price is $75.92 and its 200-day moving average price is $70.56. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market cap of $4.06 billion, a P/E ratio of -7.41 and a beta of 1.46.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.95 EPS for the quarter, topping the consensus estimate of $0.19 by $1.76. The business had revenue of $327.15 million for the quarter, compared to analysts’ expectations of $261.00 million. Howard Hughes had a negative net margin of 49.52% and a negative return on equity of 0.33%. The business’s quarterly revenue was up 43.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.26) EPS. On average, equities analysts predict that Howard Hughes Holdings Inc. will post 3.28 earnings per share for the current fiscal year.

Howard Hughes 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.