Dimensional Fund Advisors LP Has $178.55 Million Stock Position in Howard Hughes Holdings Inc. $HHH

Dimensional Fund Advisors LP lifted its stake in Howard Hughes Holdings Inc. (NYSE:HHH) by 8.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,822,522 shares of the company’s stock after purchasing an additional 208,617 shares during the period. Dimensional Fund Advisors LP’s holdings in Howard Hughes were worth $178,549,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Crcm LP grew its stake 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 during the period. Norges Bank acquired a new position in Howard Hughes in the fourth quarter valued at about $31,957,000. Gotham Asset Management LLC lifted its stake in Howard Hughes by 1.3% in the fourth quarter. Gotham Asset Management LLC now owns 341,698 shares of the company’s stock valued at $27,257,000 after buying an additional 4,499 shares during the period. Bank of America Corp DE boosted its holdings in Howard Hughes by 3.3% during the third quarter. Bank of America Corp DE now owns 297,066 shares of the company’s stock worth $24,410,000 after buying an additional 9,613 shares during the last quarter. Finally, Amundi boosted its holdings in Howard Hughes by 20.8% during the third quarter. Amundi now owns 277,647 shares of the company’s stock worth $23,625,000 after buying an additional 47,801 shares during the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

Howard Hughes Price Performance

HHH opened at $65.91 on Friday. The stock has a market cap of $3.93 billion, a P/E 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 quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.97. The company has a fifty day simple moving average of $67.85 and a 200 day simple moving average of $70.22.

Howard Hughes (NYSE:HHH) last posted its earnings results on Thursday, May 7th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. Howard Hughes had a return on equity of 5.41% and a net margin of 8.04%.The firm had revenue of $235.92 million for the quarter. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The business’s revenue was up 18.4% on a year-over-year basis. On average, research analysts expect that Howard Hughes Holdings Inc. will post 2.77 EPS for the current year.

Insider Activity

In other news, insider James Carman sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $64.20, for a total transaction of $96,300.00. Following the sale, the insider owned 22,096 shares of the company’s stock, valued at $1,418,563.20. This trade represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 48.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HHH has been the subject of several analyst reports. Zacks Research lowered Howard Hughes from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Howard Hughes in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Howard Hughes from $76.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Sell” and an average target price of $79.00.

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.