XTX Topco Ltd Increases Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

XTX Topco Ltd grew its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 225.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 10,529 shares of the company’s stock after acquiring an additional 7,290 shares during the period. XTX Topco Ltd’s holdings in Howard Hughes were worth $682,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HHH. Hsbc Holdings PLC lifted its stake in Howard Hughes by 0.4% in the second quarter. Hsbc Holdings PLC now owns 52,235 shares of the company’s stock worth $3,359,000 after acquiring an additional 227 shares during the period. Vanguard Personalized Indexing Management LLC bought a new position in Howard Hughes in the 2nd quarter worth $205,000. Donald Smith & CO. Inc. lifted its position in shares of Howard Hughes by 27.5% in the 2nd quarter. Donald Smith & CO. Inc. now owns 1,652,046 shares of the company’s stock worth $107,086,000 after purchasing an additional 356,025 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Howard Hughes during the 2nd quarter valued at about $313,000. Finally, American Century Companies Inc. increased its position in shares of Howard Hughes by 1.5% during the second quarter. American Century Companies Inc. now owns 271,515 shares of the company’s stock valued at $17,600,000 after buying an additional 3,930 shares during the period. 93.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut their price objective on Howard Hughes from $89.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, June 4th.

Howard Hughes Price Performance

HHH opened at $77.06 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.82. The company has a market cap of $3.87 billion, a price-to-earnings ratio of -6.57 and a beta of 1.45. The stock has a fifty day simple moving average of $72.20 and a two-hundred day simple moving average of $68.90. Howard Hughes Holdings Inc. has a 12-month low of $59.00 and a 12-month high of $86.72.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings results on Friday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.14. Howard Hughes had a negative net margin of 49.52% and a negative return on equity of 0.33%. The company had revenue of $317.40 million during the quarter, compared to analyst estimates of $239.73 million. During the same period last year, the business earned ($0.39) EPS. Howard Hughes’s quarterly revenue was up 42.1% compared to the same quarter last year. Research analysts predict that Howard Hughes Holdings Inc. will post 3.05 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.