Candriam S.C.A. Buys 133,927 Shares of Howard Hughes Holdings Inc. $HHH

Candriam S.C.A. boosted its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 743.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,946 shares of the company’s stock after buying an additional 133,927 shares during the period. Candriam S.C.A. owned approximately 0.30% of Howard Hughes worth $10,257,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey grew its stake in Howard Hughes by 5.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 11,440 shares of the company’s stock valued at $772,000 after acquiring an additional 567 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Howard Hughes by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 567,967 shares of the company’s stock worth $38,343,000 after purchasing an additional 2,427 shares in the last quarter. Keynote Financial Services LLC acquired a new stake in Howard Hughes in the 2nd quarter valued at $708,000. Allworth Financial LP increased its stake in Howard Hughes by 134.2% during the 2nd quarter. Allworth Financial LP now owns 363 shares of the company’s stock valued at $25,000 after purchasing an additional 208 shares in the last quarter. Finally, Huntington National Bank raised its holdings in Howard Hughes by 15.5% during the second quarter. Huntington National Bank now owns 1,079 shares of the company’s stock worth $73,000 after buying an additional 145 shares during the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HHH has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Howard Hughes in a research report on Wednesday, October 8th. Wall Street Zen upgraded Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. increased their price objective on Howard Hughes from $76.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Finally, Zacks Research lowered Howard Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $83.33.

Howard Hughes Price Performance

Howard Hughes stock opened at $85.92 on Friday. Howard Hughes Holdings Inc. has a 52 week low of $61.40 and a 52 week high of $90.27. The company’s 50 day moving average price is $81.56 and its two-hundred day moving average price is $74.20. The stock has a market cap of $5.10 billion, a P/E ratio of 18.80 and a beta of 1.26. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.85.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings results on Monday, November 10th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. Howard Hughes had a return on equity of 10.51% and a net margin of 12.85%.The company had revenue of $390.24 million during the quarter, compared to the consensus estimate of $331.52 million. During the same period last year, the business posted $1.95 earnings per share. Howard Hughes’s revenue was up 19.3% on a year-over-year basis. On average, equities analysts predict that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.

Insider Activity at Howard Hughes

In related news, Director Anthony Williams sold 1,100 shares of the business’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $79.58, for a total value of $87,538.00. Following the transaction, the director directly owned 8,102 shares of the company’s stock, valued at approximately $644,757.16. The trade was a 11.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 48.00% of the stock is owned by insiders.

About Howard Hughes

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.