Annex Advisory Services LLC Makes New $1.22 Million Investment in Howard Hughes Holdings Inc. $HHH

Annex Advisory Services LLC purchased a new stake in Howard Hughes Holdings Inc. (NYSE:HHH) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 14,899 shares of the company’s stock, valued at approximately $1,224,000.

Other large investors also recently made changes to their positions in the company. Huntington National Bank boosted its holdings in shares of 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 purchasing an additional 145 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in Howard Hughes by 0.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 33,098 shares of the company’s stock worth $2,234,000 after buying an additional 160 shares during the period. Teacher Retirement System of Texas lifted its position in Howard Hughes by 4.1% during the second quarter. Teacher Retirement System of Texas now owns 4,962 shares of the company’s stock worth $335,000 after buying an additional 197 shares during the period. Allworth Financial LP boosted its stake in Howard Hughes by 134.2% in the 2nd quarter. Allworth Financial LP now owns 363 shares of the company’s stock worth $25,000 after buying an additional 208 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in Howard Hughes by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 30,098 shares of the company’s stock worth $2,032,000 after buying an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Insider Activity

In related news, Director R Scot Sellers bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was bought at an average price of $77.94 per share, with a total value of $389,700.00. Following the completion of the transaction, the director directly owned 67,517 shares of the company’s stock, valued at approximately $5,262,274.98. This represents a 8.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary Ann Tighe sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $88.83, for a total value of $532,980.00. Following the sale, the director owned 13,495 shares in the company, valued at approximately $1,198,760.85. The trade was a 30.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 48.00% of the stock is owned by corporate insiders.

Howard Hughes Price Performance

Howard Hughes stock opened at $79.33 on Tuesday. The firm has a fifty day moving average of $83.30 and a 200-day moving average of $77.59. Howard Hughes Holdings Inc. has a 52-week low of $61.40 and a 52-week high of $91.07. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $4.71 billion, a P/E ratio of 15.46 and a beta of 1.22.

Howard Hughes (NYSE:HHH) last posted its earnings results on Monday, November 10th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.46. Howard Hughes had a net margin of 14.95% and a return on equity of 11.06%. The business had revenue of $390.24 million for the quarter, compared to analyst estimates of $331.52 million. During the same quarter in the previous year, the business posted $1.95 EPS. The business’s quarterly revenue was up 19.3% on a year-over-year basis. As a group, analysts predict that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Howard Hughes in a research note on Monday, December 22nd. Zacks Research downgraded shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $83.33.

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.