380,743 Shares in Howard Hughes Holdings Inc. (NYSE:HHH) Bought by Norges Bank

Norges Bank bought a new stake in Howard Hughes Holdings Inc. (NYSE:HHH) during the fourth quarter, Holdings Channel reports. The firm bought 380,743 shares of the company’s stock, valued at approximately $29,287,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Egerton Capital UK LLP bought a new stake in Howard Hughes in the 4th quarter valued at $34,150,000. JPMorgan Chase & Co. lifted its holdings in Howard Hughes by 225.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 487,092 shares of the company’s stock valued at $37,716,000 after purchasing an additional 337,514 shares during the last quarter. River Road Asset Management LLC increased its holdings in shares of Howard Hughes by 235.9% during the fourth quarter. River Road Asset Management LLC now owns 312,566 shares of the company’s stock worth $24,043,000 after buying an additional 219,514 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Howard Hughes by 50.3% in the fourth quarter. American Century Companies Inc. now owns 624,769 shares of the company’s stock valued at $48,057,000 after acquiring an additional 209,217 shares during the last quarter. Finally, Rule One Partners LLC acquired a new position in shares of Howard Hughes in the 3rd quarter worth approximately $12,544,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Trading Down 4.7 %

HHH stock opened at $67.26 on Monday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 44.54 and a beta of 1.48. The business has a fifty day moving average price of $75.09 and a 200 day moving average price of $77.44. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $87.77.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.40. The business had revenue of $983.59 million for the quarter, compared to the consensus estimate of $949.18 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. Analysts expect that Howard Hughes Holdings Inc. will post 3.7 EPS 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.