American Century Companies Inc. Acquires 209,217 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

American Century Companies Inc. lifted its stake in Howard Hughes Holdings Inc. (NYSE:HHH) by 50.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 624,769 shares of the company’s stock after purchasing an additional 209,217 shares during the quarter. American Century Companies Inc. owned about 1.25% of Howard Hughes worth $48,057,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Egerton Capital UK LLP bought a new stake in Howard Hughes in the fourth quarter worth $34,150,000. JPMorgan Chase & Co. boosted its stake in Howard Hughes by 225.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 487,092 shares of the company’s stock worth $37,716,000 after purchasing an additional 337,514 shares in the last quarter. River Road Asset Management LLC grew its position in Howard Hughes by 235.9% during the 4th quarter. River Road Asset Management LLC now owns 312,566 shares of the company’s stock valued at $24,043,000 after purchasing an additional 219,514 shares during the last quarter. Rule One Partners LLC bought a new stake in Howard Hughes during the 3rd quarter valued at about $12,544,000. Finally, Impax Asset Management Group plc raised its holdings in Howard Hughes by 157.4% in the fourth quarter. Impax Asset Management Group plc now owns 257,393 shares of the company’s stock worth $19,799,000 after buying an additional 157,393 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Howard Hughes Trading Down 0.2 %

NYSE:HHH opened at $75.53 on Thursday. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 50.02 and a beta of 1.48. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. The company’s 50 day moving average price is $75.55 and its 200-day moving average price is $77.49. Howard Hughes Holdings Inc. has a 52 week low of $59.00 and a 52 week high of $87.77.

Howard Hughes (NYSE:HHH) last posted its earnings results on Wednesday, February 26th. The company reported $3.25 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.40. The business had revenue of $983.59 million during the quarter, compared to analyst estimates of $949.18 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. On average, equities research analysts forecast that Howard Hughes Holdings Inc. will post 3.7 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.