Prospector Partners LLC Acquires 4,805 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Prospector Partners LLC increased its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 3.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,221 shares of the company’s stock after buying an additional 4,805 shares during the quarter. Prospector Partners LLC’s holdings in Howard Hughes were worth $10,061,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in HHH. Pershing Square Capital Management L.P. grew its position in shares of Howard Hughes by 12.2% during the 4th quarter. Pershing Square Capital Management L.P. now owns 18,852,064 shares of the company’s stock valued at $1,612,794,000 after acquiring an additional 2,045,156 shares during the period. Donald Smith & CO. Inc. lifted its position in Howard Hughes by 27.5% during the second quarter. Donald Smith & CO. Inc. now owns 1,652,046 shares of the company’s stock valued at $107,086,000 after purchasing an additional 356,025 shares in the last quarter. New South Capital Management Inc. grew its holdings in Howard Hughes by 0.4% during the second quarter. New South Capital Management Inc. now owns 609,289 shares of the company’s stock valued at $39,494,000 after purchasing an additional 2,698 shares during the period. Russell Investments Group Ltd. increased its position in Howard Hughes by 14.7% in the first quarter. Russell Investments Group Ltd. now owns 383,122 shares of the company’s stock worth $27,822,000 after buying an additional 49,103 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Howard Hughes by 81.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 337,440 shares of the company’s stock worth $24,505,000 after buying an additional 151,341 shares during the period. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Stock Down 0.5 %

NYSE HHH opened at $77.06 on Friday. The stock has a 50 day moving average price of $72.20 and a 200-day moving average price of $68.94. Howard Hughes Holdings Inc. has a one year low of $59.00 and a one year high of $86.72. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $3.87 billion, a P/E ratio of -6.57 and a beta of 1.45.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.14. The company had revenue of $317.40 million for the quarter, compared to analysts’ expectations of $239.73 million. Howard Hughes had a negative return on equity of 0.33% and a negative net margin of 49.52%. The firm’s revenue for the quarter was up 42.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.39) earnings per share. As a group, equities analysts predict that Howard Hughes Holdings Inc. will post 3.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group decreased their target price on shares of Howard Hughes from $89.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, June 4th.

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.