Legal & General Group Plc Purchases Shares of 27,315 Howard Hughes Holdings Inc. $HHH

Legal & General Group Plc acquired a new stake in Howard Hughes Holdings Inc. (NYSE:HHH) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 27,315 shares of the company’s stock, valued at approximately $1,953,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. The Manufacturers Life Insurance Company acquired a new stake in Howard Hughes in the second quarter worth $1,208,000. Womack Financial LLC bought a new position in shares of Howard Hughes during the 2nd quarter worth about $601,000. Cibc World Market Inc. bought a new position in shares of Howard Hughes during the 2nd quarter worth about $728,000. Commerce Bank acquired a new stake in shares of Howard Hughes in the 2nd quarter valued at about $377,000. Finally, Quantbot Technologies LP bought a new stake in Howard Hughes in the 2nd quarter valued at about $309,000. 93.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HHH shares. Weiss Ratings raised Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. upped their target price on Howard Hughes from $76.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, Zacks Research downgraded shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Howard Hughes has an average rating of “Reduce” and a consensus target price of $79.00.

Howard Hughes Stock Down 0.1%

HHH stock opened at $64.03 on Monday. The firm has a market capitalization of $3.82 billion, a PE ratio of 12.96 and a beta of 1.14. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 1.35. Howard Hughes Holdings Inc. has a twelve month low of $61.01 and a twelve month high of $91.07. The stock’s 50 day moving average is $67.98 and its 200-day moving average is $66.77.

Howard Hughes (NYSE:HHH) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $2.19. Howard Hughes had a return on equity of 7.51% and a net margin of 12.31%.The business had revenue of $1.12 billion during the quarter. During the same period in the previous year, the company posted ($0.22) earnings per share. The company’s quarterly revenue was up 330.2% compared to the same quarter last year. Sell-side analysts expect that Howard Hughes Holdings Inc. will post 2.77 EPS for the current fiscal year.

Insider Activity at Howard Hughes

In related news, Director Mary Tighe sold 13,495 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $67.25, for a total transaction of $907,538.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 47.70% of the stock is currently owned by corporate insiders.

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. Its MPCs segment develops, sells, and leases residential and commercial land designated for long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona.