Gator Capital Management LLC Buys Shares of 16,630 Howard Hughes Holdings Inc. $HHH

Gator Capital Management LLC bought 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 and Exchange Commission (SEC). The institutional investor bought 16,630 shares of the company’s stock, valued at approximately $1,327,000.

Other large investors have also recently bought and sold shares of the company. Northern Right Capital Management L.P. increased its stake in Howard Hughes by 15.7% in the third quarter. Northern Right Capital Management L.P. now owns 302,450 shares of the company’s stock valued at $24,852,000 after purchasing an additional 41,095 shares in the last quarter. Brighton Jones LLC bought a new stake in Howard Hughes in the fourth quarter valued at approximately $511,000. Russell Investments Group Ltd. increased its stake in Howard Hughes by 98.3% in the third quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company’s stock valued at $45,757,000 after purchasing an additional 276,083 shares in the last quarter. Gotham Asset Management LLC increased its stake in Howard Hughes by 31.5% in the third quarter. Gotham Asset Management LLC now owns 337,199 shares of the company’s stock valued at $27,708,000 after purchasing an additional 80,701 shares in the last quarter. Finally, Crcm LP increased its stake in Howard Hughes by 82.5% in the third quarter. Crcm LP now owns 560,713 shares of the company’s stock valued at $46,074,000 after purchasing an additional 253,490 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

Insider Activity

In other news, insider James Carman sold 1,500 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $64.20, for a total transaction of $96,300.00. Following the completion of the sale, the insider owned 22,096 shares of the company’s stock, valued at $1,418,563.20. This represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 48.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Zacks Research downgraded shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings downgraded shares of Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Sell” and a consensus price target of $85.00.

Howard Hughes Stock Up 0.4%

Shares of HHH stock opened at $66.91 on Friday. The firm has a fifty day moving average of $64.30 and a 200-day moving average of $73.07. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.97. Howard Hughes Holdings Inc. has a 12-month low of $61.01 and a 12-month high of $91.07. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 32.80 and a beta of 1.14.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. Howard Hughes had a net margin of 8.04% and a return on equity of 5.41%. The company had revenue of $235.92 million during the quarter. During the same period in the prior year, the company earned $0.21 EPS. The firm’s revenue was up 18.4% on a year-over-year basis. As a group, equities research analysts predict that Howard Hughes Holdings Inc. will post 3.01 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. Its MPCs segment develops, sells, and leases residential and commercial land designated for long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona.