Deutsche Bank AG Raises Stake in Howard Hughes Holdings Inc. (NYSE:HHH)

Deutsche Bank AG increased its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 668.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,072 shares of the company’s stock after acquiring an additional 78,345 shares during the period. Deutsche Bank AG owned approximately 0.18% of Howard Hughes worth $6,928,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HHH. Jones Financial Companies Lllp bought a new stake in shares of Howard Hughes in the 4th quarter worth approximately $40,000. Sugar Maple Asset Management LLC bought a new stake in Howard Hughes in the fourth quarter worth $47,000. Huntington National Bank grew its stake in shares of Howard Hughes by 335.5% in the fourth quarter. Huntington National Bank now owns 932 shares of the company’s stock worth $72,000 after acquiring an additional 718 shares during the last quarter. KBC Group NV increased its holdings in shares of Howard Hughes by 40.1% during the fourth quarter. KBC Group NV now owns 1,572 shares of the company’s stock valued at $121,000 after acquiring an additional 450 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Howard Hughes by 30.7% in the 4th quarter. US Bancorp DE now owns 1,783 shares of the company’s stock worth $137,000 after purchasing an additional 419 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Howard Hughes Trading Down 0.3%

Shares of NYSE:HHH opened at $70.62 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. Howard Hughes Holdings Inc. has a 1 year low of $59.83 and a 1 year high of $87.77. The company has a market cap of $3.56 billion, a P/E ratio of 46.77 and a beta of 1.21. The stock’s fifty day moving average price is $69.86 and its 200-day moving average price is $75.42.

Howard Hughes (NYSE:HHH) last posted its earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The business had revenue of $199.33 million for the quarter, compared to analysts’ expectations of $187.43 million. The business’s quarterly revenue was up 27.3% compared to the same quarter last year. Sell-side analysts expect that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HHH has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Howard Hughes from $84.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 29th. BMO Capital Markets cut their price target on shares of Howard Hughes from $85.00 to $80.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th.

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.