Point72 DIFC Ltd Purchases 4,570 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Point72 DIFC Ltd increased its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 161.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,396 shares of the company’s stock after acquiring an additional 4,570 shares during the quarter. Point72 DIFC Ltd’s holdings in Howard Hughes were worth $479,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HHH. Fidelis Capital Partners LLC acquired a new position in shares of Howard Hughes during the first quarter worth $26,000. SPX Gestao de Recursos Ltda acquired a new position in Howard Hughes during the 4th quarter valued at about $70,000. Headlands Technologies LLC raised its stake in Howard Hughes by 897.0% in the second quarter. Headlands Technologies LLC now owns 1,336 shares of the company’s stock valued at $87,000 after buying an additional 1,202 shares during the last quarter. Innealta Capital LLC acquired a new stake in Howard Hughes in the second quarter worth about $116,000. Finally, Quent Capital LLC grew its stake in shares of Howard Hughes by 1,385.9% during the first quarter. Quent Capital LLC now owns 2,006 shares of the company’s stock worth $146,000 after acquiring an additional 1,871 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut their price target 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 Stock Down 1.0 %

Shares of HHH opened at $76.56 on Thursday. The firm has a market cap of $3.85 billion, a P/E ratio of -6.53 and a beta of 1.45. Howard Hughes Holdings Inc. has a 12 month low of $59.00 and a 12 month high of $86.72. The stock’s 50 day moving average is $72.50 and its two-hundred day moving average is $68.97. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.82.

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

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.