10,705 Shares of Howard Hughes Holdings Inc. $HHH Purchased by CenterBook Partners LP

CenterBook Partners LP purchased a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) in the third quarter, HoldingsChannel reports. The institutional investor purchased 10,705 shares of the company’s stock, valued at approximately $788,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its stake in shares of Howard Hughes by 161.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 11,167 shares of the company’s stock valued at $822,000 after purchasing an additional 6,896 shares during the period. Moody Aldrich Partners LLC bought a new position in shares of Howard Hughes during the 3rd quarter worth approximately $205,000. Sage Investment Counsel LLC lifted its position in shares of Howard Hughes by 1.0% during the 3rd quarter. Sage Investment Counsel LLC now owns 29,078 shares of the company’s stock worth $2,141,000 after buying an additional 300 shares during the period. Sowell Financial Services LLC lifted its position in shares of Howard Hughes by 14.0% during the 3rd quarter. Sowell Financial Services LLC now owns 119,579 shares of the company’s stock worth $8,803,000 after buying an additional 14,722 shares during the period. Finally, Annex Advisory Services LLC boosted its stake in Howard Hughes by 12.0% in the 3rd quarter. Annex Advisory Services LLC now owns 24,036 shares of the company’s stock valued at $1,770,000 after buying an additional 2,575 shares in the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Howard Hughes news, COO Andrew D. Davis bought 1,000 shares of Howard Hughes stock in a transaction dated Wednesday, September 23rd. The shares were acquired at an average cost of $64.49 per share, with a total value of $64,490.00. Following the acquisition, the chief operating officer directly owned 32,530 shares of the company’s stock, valued at $2,097,859.70. The trade was a 3.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 47.70% of the company’s stock.

Analyst Ratings Changes

HHH has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Howard Hughes from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Piper Sandler dropped their price objective on Howard Hughes from $100.00 to $83.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Weiss Ratings raised Howard Hughes from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, October 26th. Finally, Zacks Research upgraded shares of Howard Hughes from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.00.

Howard Hughes Price Performance

NYSE:HHH opened at $84.84 on Wednesday. The firm has a market cap of $5.07 billion, a PE ratio of 33.53 and a beta of 1.17. Howard Hughes Holdings Inc. has a 12 month low of $60.09 and a 12 month high of $91.07. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 1.40. The company’s 50-day moving average price is $69.95 and its two-hundred day moving average price is $68.81.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings data on Thursday, November 5th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $1.03 by ($1.42). The firm had revenue of $636.30 million for the quarter. Howard Hughes had a return on equity of 7.01% and a net margin of 6.55%. The company’s revenue was up 63.1% on a year-over-year basis. During the same quarter last year, the company earned $3.37 earnings per share. On average, equities analysts anticipate that Howard Hughes Holdings Inc. will post 4.47 EPS for the current fiscal year.

Howard Hughes Profile

Howard Hughes Holdings Inc. is a real estate company that develops, owns and operates master-planned communities and mixed-use properties in the United States. Its activities include selling residential land and developing and managing commercial, residential, retail, office and hospitality properties. The company’s master-planned communities include The Woodlands and Bridgeland in Texas, Summerlin in Nevada, and Columbia in Maryland. Its other developments include Ward Village, a mixed-use neighborhood in Honolulu.