Howard Hughes Holdings Inc. $HHH Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp increased its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 2,954.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,470 shares of the company’s stock after purchasing an additional 16,898 shares during the period. Fifth Third Bancorp’s holdings in Howard Hughes were worth $1,105,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HHH. Candriam S.C.A. lifted its holdings in shares of Howard Hughes by 158.9% in the 1st quarter. Candriam S.C.A. now owns 54,136 shares of the company’s stock valued at $3,425,000 after buying an additional 33,228 shares during the period. Sage Investment Counsel LLC increased its holdings in shares of Howard Hughes by 5.7% in the 1st quarter. Sage Investment Counsel LLC now owns 27,163 shares of the company’s stock valued at $1,718,000 after purchasing an additional 1,457 shares in the last quarter. TrueMark Investments LLC increased its holdings in shares of Howard Hughes by 9.3% in the 1st quarter. TrueMark Investments LLC now owns 14,204 shares of the company’s stock valued at $899,000 after purchasing an additional 1,204 shares in the last quarter. OP Asset Management Ltd acquired a new stake in shares of Howard Hughes in the first quarter valued at about $2,230,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Howard Hughes in the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Insider Buying and Selling at Howard Hughes

In other news, insider James Carman sold 1,500 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $64.20, for a total value of $96,300.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 48.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on HHH. JPMorgan Chase & Co. upped their target price on shares of Howard Hughes from $76.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research lowered Howard Hughes from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Howard Hughes in a report on Friday, July 17th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Sell” and a consensus target price of $79.00.

Howard Hughes Stock Up 0.2%

Shares of NYSE HHH opened at $65.91 on Friday. The firm’s 50-day moving average is $67.85 and its two-hundred day moving average is $70.22. The company has a market capitalization of $3.93 billion, a PE ratio of 32.31 and a beta of 1.12. Howard Hughes Holdings Inc. has a 12-month low of $61.01 and a 12-month high of $91.07. 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 issued its quarterly earnings data on Thursday, May 7th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter. During the same period last year, the business earned $0.21 earnings per share. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. Equities analysts anticipate that Howard Hughes Holdings Inc. will post 2.77 EPS for the current fiscal 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.