Gator Capital Management LLC Purchases Shares of 16,630 Howard Hughes Holdings Inc. $HHH

Gator Capital Management LLC purchased a new stake in Howard Hughes Holdings Inc. (NYSE:HHH) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,630 shares of the company’s stock, valued at approximately $1,327,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Howard Hughes by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,613,905 shares of the company’s stock valued at $208,513,000 after buying an additional 116,873 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Howard Hughes by 0.3% during the third quarter. American Century Companies Inc. now owns 747,495 shares of the company’s stock worth $61,422,000 after purchasing an additional 2,595 shares in the last quarter. Crcm LP lifted its position in shares of Howard Hughes by 9.3% during the fourth quarter. Crcm LP now owns 612,839 shares of the company’s stock worth $48,886,000 after purchasing an additional 52,126 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Howard Hughes by 98.3% during the third quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company’s stock worth $45,757,000 after purchasing an additional 276,083 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Howard Hughes during the fourth quarter worth approximately $31,957,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider James Carman sold 1,500 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $64.20, for a total value of $96,300.00. Following the transaction, the insider directly owned 22,096 shares in the company, valued at $1,418,563.20. This represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 48.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Howard Hughes Trading Up 0.4%

Shares of NYSE HHH opened at $66.91 on Friday. The company’s 50 day simple moving average is $64.30 and its 200 day simple moving average is $73.07. Howard Hughes Holdings Inc. has a fifty-two week low of $61.01 and a fifty-two week high of $91.07. The firm has a market capitalization of $3.99 billion, a P/E ratio of 32.80 and a beta of 1.14. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.58 and a quick ratio of 1.58.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. Howard Hughes had a net margin of 8.04% and a return on equity of 5.41%. The business had revenue of $235.92 million for the quarter. During the same quarter in the prior year, the company earned $0.21 earnings per share. The company’s quarterly revenue was up 18.4% on a year-over-year basis. On average, analysts predict that Howard Hughes Holdings Inc. will post 3.01 EPS for the current year.

About Howard Hughes

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.