Northwest & Ethical Investments L.P. Makes New $1.61 Million Investment in Howard Hughes Holdings Inc. (NYSE:HHH)

Northwest & Ethical Investments L.P. acquired a new stake in Howard Hughes Holdings Inc. (NYSE:HHH) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,883 shares of the company’s stock, valued at approximately $1,606,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Howard Hughes by 3.2% in the third quarter. State Street Corp now owns 605,785 shares of the company’s stock valued at $46,906,000 after buying an additional 19,045 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Howard Hughes by 225.6% in the third quarter. JPMorgan Chase & Co. now owns 487,092 shares of the company’s stock valued at $37,716,000 after buying an additional 337,514 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Howard Hughes by 22.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 456,083 shares of the company’s stock valued at $35,315,000 after buying an additional 82,746 shares during the period. Egerton Capital UK LLP acquired a new position in shares of Howard Hughes in the fourth quarter valued at approximately $34,150,000. Finally, River Road Asset Management LLC increased its stake in shares of Howard Hughes by 235.9% in the fourth quarter. River Road Asset Management LLC now owns 312,566 shares of the company’s stock valued at $24,043,000 after buying an additional 219,514 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Stock Performance

Howard Hughes stock opened at $74.90 on Friday. The business has a 50 day moving average of $75.68 and a 200-day moving average of $77.41. Howard Hughes Holdings Inc. has a 1 year low of $59.00 and a 1 year high of $87.77. 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 company has a market capitalization of $3.78 billion, a P/E ratio of 49.60 and a beta of 1.48.

Howard Hughes (NYSE:HHH) last released its earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.40. The business had revenue of $983.59 million during 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%. On average, equities research analysts predict that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.

About Howard Hughes

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.