Crcm LP Grows Holdings in Howard Hughes Holdings Inc. $HHH

Crcm LP lifted its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 612,839 shares of the company’s stock after purchasing an additional 52,126 shares during the quarter. Howard Hughes accounts for approximately 16.5% of Crcm LP’s investment portfolio, making the stock its 3rd largest position. Crcm LP owned 1.03% of Howard Hughes worth $48,886,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Signaturefd LLC grew its holdings in shares of Howard Hughes by 41.5% in the fourth quarter. Signaturefd LLC now owns 423 shares of the company’s stock valued at $34,000 after purchasing an additional 124 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Howard Hughes by 0.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 27,193 shares of the company’s stock valued at $2,169,000 after purchasing an additional 147 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Howard Hughes by 28.9% in the third quarter. EverSource Wealth Advisors LLC now owns 665 shares of the company’s stock valued at $55,000 after purchasing an additional 149 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Howard Hughes by 37.2% in the fourth quarter. Fifth Third Bancorp now owns 572 shares of the company’s stock valued at $46,000 after purchasing an additional 155 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Howard Hughes by 0.7% in the second quarter. California State Teachers Retirement System now owns 30,098 shares of the company’s stock valued at $2,032,000 after purchasing an additional 217 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Weiss Ratings lowered shares of Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. Zacks Research lowered shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. Finally, Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell” and an average price target of $85.00.

Insider Activity

In other news, insider James Carman sold 1,500 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $64.20, for a total transaction of $96,300.00. Following the completion of the sale, the insider directly owned 22,096 shares of the company’s stock, valued at approximately $1,418,563.20. The trade was a 6.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 48.00% of the company’s stock.

Howard Hughes Stock Up 0.4%

Shares of HHH opened at $66.91 on Friday. The firm has a market capitalization of $3.99 billion, a P/E ratio of 32.80 and a beta of 1.14. Howard Hughes Holdings Inc. has a 12-month low of $61.01 and a 12-month high of $91.07. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.97. The firm has a fifty day moving average price of $64.30 and a 200-day moving average price of $73.07.

Howard Hughes (NYSE:HHH) last issued its earnings results on Thursday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $235.92 million during the quarter. Howard Hughes had a net margin of 8.04% and a return on equity of 5.41%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 earnings per share. Equities research analysts expect that Howard Hughes Holdings Inc. will post 3.01 earnings per share for the current year.

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. 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.