Howard Hughes Holdings Inc. (NYSE:HHH) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,982 shares of the company’s stock after buying an additional 19,902 shares during the quarter. Victory Capital Management Inc. owned about 0.43% of Howard Hughes worth $18,392,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. International Assets Investment Management LLC purchased a new stake in Howard Hughes during the 4th quarter valued at about $44,000. Baker Avenue Asset Management LP acquired a new stake in shares of Howard Hughes in the third quarter valued at approximately $45,000. Citigroup Inc. acquired a new stake in shares of Howard Hughes in the third quarter valued at approximately $48,000. Carmel Capital Partners LLC lifted its position in Howard Hughes by 22.0% during the fourth quarter. Carmel Capital Partners LLC now owns 4,375 shares of the company’s stock worth $374,000 after buying an additional 788 shares in the last quarter. Finally, Baystate Wealth Management LLC acquired a new position in Howard Hughes during the fourth quarter worth $68,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Howard Hughes

In other news, insider Heath Melton sold 1,926 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $72.95, for a total value of $140,501.70. Following the sale, the insider now directly owns 9,274 shares of the company’s stock, valued at approximately $676,538.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 33.00% of the stock is currently owned by corporate insiders.

Howard Hughes Stock Up 0.8 %

HHH stock opened at $67.39 on Friday. Howard Hughes Holdings Inc. has a one year low of $59.00 and a one year high of $86.72. The firm has a market cap of $3.39 billion, a PE ratio of -6.05 and a beta of 1.49. The firm’s 50 day moving average price is $68.69 and its 200-day moving average price is $74.41. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.60 and a current ratio of 1.60.

Howard Hughes (NYSE:HHH) last posted its earnings results on Tuesday, February 27th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.25. The company had revenue of $335.84 million for the quarter, compared to the consensus estimate of $318.32 million. Howard Hughes had a negative return on equity of 0.62% and a negative net margin of 53.88%. On average, equities research analysts anticipate that Howard Hughes Holdings Inc. will post 2.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their target price on Howard Hughes from $90.00 to $84.00 and set an “overweight” rating for the company in a research note on Tuesday, April 16th.

Howard Hughes 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.