State Street Corp Raises Position in Howard Hughes Holdings Inc. (NYSE:HHH)

State Street Corp lifted its stake in Howard Hughes Holdings Inc. (NYSE:HHH) by 3.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 605,785 shares of the company’s stock after purchasing an additional 19,045 shares during the period. State Street Corp owned 1.21% of Howard Hughes worth $46,906,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Donald Smith & CO. Inc. raised its stake in shares of Howard Hughes by 27.5% in the second quarter. Donald Smith & CO. Inc. now owns 1,652,046 shares of the company’s stock worth $107,086,000 after buying an additional 356,025 shares during the period. New South Capital Management Inc. increased its holdings in Howard Hughes by 0.4% in the 2nd quarter. New South Capital Management Inc. now owns 609,289 shares of the company’s stock worth $39,494,000 after acquiring an additional 2,698 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Howard Hughes by 22.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 456,083 shares of the company’s stock worth $35,315,000 after acquiring an additional 82,746 shares during the period. Clearbridge Investments LLC raised its stake in Howard Hughes by 4.3% during the 2nd quarter. Clearbridge Investments LLC now owns 340,194 shares of the company’s stock worth $22,051,000 after acquiring an additional 13,880 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Howard Hughes by 0.5% during the third quarter. Victory Capital Management Inc. now owns 313,656 shares of the company’s stock valued at $24,286,000 after purchasing an additional 1,475 shares in the last quarter. 93.83% of the stock is owned by institutional investors.

Howard Hughes Stock Performance

Shares of NYSE HHH opened at $75.32 on Friday. The stock has a market cap of $3.78 billion, a PE ratio of 49.88 and a beta of 1.48. Howard Hughes Holdings Inc. has a 1 year low of $59.00 and a 1 year high of $87.77. The firm has a fifty day moving average price of $80.71 and a 200-day moving average price of $74.29. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08.

Howard Hughes (NYSE:HHH) last issued its earnings results on Monday, November 4th. The company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $0.19 by $1.76. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The company had revenue of $327.15 million during the quarter, compared to the consensus estimate of $261.00 million. During the same quarter in the prior year, the firm posted ($0.26) EPS. Howard Hughes’s quarterly revenue was up 43.2% compared to the same quarter last year. Equities analysts anticipate that Howard Hughes Holdings Inc. will post 3.28 earnings per share for the current fiscal 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.