Handelsbanken Fonder AB Purchases 3,800 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Handelsbanken Fonder AB grew its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 46.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,058 shares of the company’s stock after purchasing an additional 3,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in Howard Hughes were worth $1,032,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Hsbc Holdings PLC bought a new stake in Howard Hughes during the third quarter valued at $5,154,000. Citigroup Inc. bought a new stake in shares of Howard Hughes during the 3rd quarter valued at about $48,000. Swiss National Bank bought a new stake in shares of Howard Hughes during the 3rd quarter valued at about $5,708,000. American Century Companies Inc. acquired a new stake in Howard Hughes during the third quarter worth approximately $22,160,000. Finally, UBS Group AG bought a new stake in Howard Hughes in the third quarter worth approximately $2,288,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price target on Howard Hughes from $90.00 to $84.00 and set an “overweight” rating on the stock in a report on Tuesday, April 16th.

Howard Hughes Price Performance

Shares of NYSE HHH opened at $64.42 on Monday. The firm has a market capitalization of $3.24 billion, a P/E ratio of -5.79 and a beta of 1.48. The firm’s 50-day moving average price is $70.59 and its 200-day moving average price is $74.60. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.73. Howard Hughes Holdings Inc. has a 1-year low of $59.00 and a 1-year high of $86.72.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.25. Howard Hughes had a negative return on equity of 0.62% and a negative net margin of 53.88%. The business had revenue of $335.84 million for the quarter, compared to the consensus estimate of $318.32 million. Equities research analysts anticipate that Howard Hughes Holdings Inc. will post 2.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Howard Hughes news, insider Heath Melton sold 1,926 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $72.95, for a total transaction of $140,501.70. Following the completion of the sale, the insider now owns 9,274 shares in the company, valued at approximately $676,538.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 33.00% of the stock is owned by company insiders.

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.