SEB Asset Management AB Takes Position in Howard Hughes Holdings Inc. $HHH

SEB Asset Management AB bought a new stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) in the 1st quarter, HoldingsChannel.com reports. The firm bought 12,059 shares of the company’s stock, valued at approximately $763,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC increased its stake in Howard Hughes by 41.5% in the 4th quarter. Signaturefd LLC now owns 423 shares of the company’s stock worth $34,000 after purchasing an additional 124 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Howard Hughes by 191.5% during the second quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after buying an additional 339 shares in the last quarter. Huntington National Bank lifted its stake in Howard Hughes by 134.1% during the fourth quarter. Huntington National Bank now owns 494 shares of the company’s stock valued at $39,000 after buying an additional 283 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Howard Hughes during the fourth quarter valued at about $43,000. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Howard Hughes in the fourth quarter worth about $43,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Insider Buying and Selling at Howard Hughes

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

Analyst Ratings Changes

HHH has been the topic of several analyst reports. Zacks Research downgraded shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Howard Hughes from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. 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 reaffirmed a “sell (d)” rating on shares of Howard Hughes in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Howard Hughes has a consensus rating of “Sell” and a consensus target price of $79.00.

Howard Hughes Stock Up 0.2%

NYSE:HHH opened at $65.91 on Friday. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 32.31 and a beta of 1.12. Howard Hughes Holdings Inc. has a 1-year low of $61.01 and a 1-year high of $91.07. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.97. The business’s fifty day moving average price is $67.85 and its 200 day moving average price is $70.22.

Howard Hughes (NYSE:HHH) last announced 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 return on equity of 5.41% and a net margin of 8.04%.The firm had revenue of $235.92 million during the quarter. During the same period in the prior year, the company posted $0.21 earnings per share. The firm’s revenue was up 18.4% on a year-over-year basis. On average, sell-side analysts forecast that Howard Hughes Holdings Inc. will post 2.77 earnings per share for the current fiscal 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. 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.