Egerton Capital UK LLP Makes New Investment in Howard Hughes Holdings Inc. (NYSE:HHH)

Egerton Capital UK LLP purchased a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) during the fourth quarter, Holdings Channel.com reports. The fund purchased 443,963 shares of the company’s stock, valued at approximately $34,150,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of HHH. US Bancorp DE increased its stake in Howard Hughes by 16.2% during the third quarter. US Bancorp DE now owns 1,364 shares of the company’s stock worth $106,000 after purchasing an additional 190 shares during the period. Entropy Technologies LP purchased a new stake in shares of Howard Hughes during the third quarter worth approximately $418,000. Victory Capital Management Inc. increased its stake in shares of Howard Hughes by 0.5% during the third quarter. Victory Capital Management Inc. now owns 313,656 shares of the company’s stock worth $24,286,000 after buying an additional 1,475 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of Howard Hughes by 44.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 6,987 shares of the company’s stock worth $541,000 after buying an additional 2,160 shares during the period. Finally, KBC Group NV increased its stake in shares of Howard Hughes by 34.4% during the third quarter. KBC Group NV now owns 1,122 shares of the company’s stock worth $87,000 after buying an additional 287 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Howard Hughes Stock Down 0.8 %

HHH stock opened at $72.78 on Wednesday. The company’s 50 day moving average price is $75.79 and its 200 day moving average price is $77.50. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $87.77. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 48.20 and a beta of 1.48.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.40. The firm had revenue of $983.59 million during the quarter, compared to the consensus estimate of $949.18 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. On average, equities research analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 EPS 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.