Annandale Capital LLC Invests $3.24 Million in Howard Hughes Holdings Inc. (NYSE:HHH)

Annandale Capital LLC acquired a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $3,241,000. Annandale Capital LLC owned approximately 0.10% of Howard Hughes at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HHH. Pershing Square Capital Management L.P. boosted 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 worth $1,612,794,000 after purchasing an additional 2,045,156 shares in the last quarter. Donald Smith & CO. Inc. boosted its position in shares of Howard Hughes by 27.5% during 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 in the last quarter. Norges Bank bought a new position in shares of Howard Hughes during the 4th quarter worth about $26,369,000. Jacobs Levy Equity Management Inc. lifted its position in Howard Hughes by 81.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 337,440 shares of the company’s stock valued at $24,505,000 after acquiring an additional 151,341 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Howard Hughes by 50.0% in the 2nd quarter. Victory Capital Management Inc. now owns 312,181 shares of the company’s stock valued at $20,236,000 after acquiring an additional 103,995 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Trading Up 1.0 %

NYSE:HHH opened at $77.74 on Friday. 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 firm has a market cap of $3.91 billion, a price-to-earnings ratio of -6.63 and a beta of 1.45. Howard Hughes Holdings Inc. has a 52 week low of $59.00 and a 52 week high of $86.72. The firm has a 50-day moving average price of $72.74 and a two-hundred day moving average price of $69.05.

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

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group dropped 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 report 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.