Womack Financial LLC Invests $601,000 in Howard Hughes Holdings Inc. $HHH

Womack Financial LLC acquired a new position in Howard Hughes Holdings Inc. (NYSE:HHH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,413 shares of the company’s stock, valued at approximately $601,000.

A number of other hedge funds also recently bought and sold shares of the company. Cibc World Market Inc. bought a new position in Howard Hughes in the second quarter valued at about $728,000. Commerce Bank bought a new stake in shares of Howard Hughes during the 2nd quarter valued at about $377,000. Quantbot Technologies LP bought a new stake in shares of Howard Hughes during the 2nd quarter valued at about $309,000. Callan Family Office LLC bought a new stake in shares of Howard Hughes during the 2nd quarter valued at about $426,000. Finally, Donald Smith & CO. Inc. purchased a new stake in shares of Howard Hughes during the 2nd quarter valued at about $71,691,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HHH. Weiss Ratings upgraded shares of Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. boosted their target price 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 report on Saturday, May 9th. Finally, Zacks Research cut shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $79.00.

Howard Hughes Stock Performance

Shares of HHH opened at $66.92 on Tuesday. The business has a 50-day simple moving average of $68.65 and a two-hundred day simple moving average of $67.89. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.08. Howard Hughes Holdings Inc. has a 52 week low of $61.01 and a 52 week high of $91.07. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 13.55 and a beta of 1.14.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $2.19. The firm had revenue of $1.12 billion for the quarter. Howard Hughes had a return on equity of 10.19% and a net margin of 12.31%.The firm’s quarterly revenue was up 330.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.22) earnings per share. On average, analysts expect that Howard Hughes Holdings Inc. will post 2.77 EPS for the current year.

Insiders Place Their Bets

In other Howard Hughes news, Director Mary Ann Tighe sold 13,495 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $67.25, for a total value of $907,538.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 47.70% of the stock is owned by corporate insiders.

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.