5,350 Shares in Howard Hughes Holdings Inc. (NYSE:HHH) Bought by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. purchased a new stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,350 shares of the company’s stock, valued at approximately $414,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB purchased a new position in shares of Howard Hughes during the 1st quarter valued at about $2,905,000. Bridges Investment Management Inc. purchased a new position in shares of Howard Hughes during the second quarter worth approximately $428,000. XTX Topco Ltd lifted its holdings in shares of Howard Hughes by 225.1% in the 2nd quarter. XTX Topco Ltd now owns 10,529 shares of the company’s stock worth $682,000 after acquiring an additional 7,290 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of 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 purchasing an additional 103,995 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Howard Hughes by 7.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 109,407 shares of the company’s stock valued at $7,092,000 after purchasing an additional 7,602 shares during the last quarter. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Stock Performance

Howard Hughes stock opened at $83.87 on Monday. The firm has a fifty day simple moving average of $77.96 and a two-hundred day simple moving average of $72.04. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. Howard Hughes Holdings Inc. has a twelve month low of $59.00 and a twelve month high of $86.72. The company has a market capitalization of $4.21 billion, a PE ratio of 55.54 and a beta of 1.46.

Howard Hughes (NYSE:HHH) last released its earnings results on Monday, November 4th. The company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $1.76. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The company had revenue of $327.15 million during the quarter, compared to analyst estimates of $261.00 million. During the same quarter in the previous year, the company posted ($0.26) EPS. Howard Hughes’s revenue for the quarter was up 43.2% on a year-over-year basis. Research analysts expect that Howard Hughes Holdings Inc. will post 3.28 EPS 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.