Pin Oak Investment Advisors Inc. Acquires New Holdings in Howard Hughes Holdings Inc. $HHH

Pin Oak Investment Advisors Inc. bought a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 59,839 shares of the company’s stock, valued at approximately $4,278,000. Howard Hughes comprises about 2.2% of Pin Oak Investment Advisors Inc.’s holdings, making the stock its 10th biggest position. Pin Oak Investment Advisors Inc. owned approximately 0.10% of Howard Hughes as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HHH. Allworth Financial LP bought a new position in shares of Howard Hughes in the 2nd quarter valued at $31,000. Huntington National Bank grew its position in Howard Hughes by 134.1% during the 4th quarter. Huntington National Bank now owns 494 shares of the company’s stock worth $39,000 after acquiring an additional 283 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Howard Hughes by 191.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock worth $35,000 after acquiring an additional 339 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Howard Hughes in the 4th quarter worth about $43,000. Finally, Atlas Capital Advisors Inc. acquired a new position in Howard Hughes in the 4th quarter worth about $43,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on HHH shares. Wall Street Zen upgraded Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. boosted their price target on Howard Hughes from $76.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Weiss Ratings raised Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Finally, Zacks Research lowered shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $79.00.

Howard Hughes Stock Performance

Shares of Howard Hughes stock opened at $64.80 on Friday. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 13.12 and a beta of 1.14. Howard Hughes Holdings Inc. has a twelve month low of $61.01 and a twelve month high of $91.07. The company’s fifty day moving average is $68.53 and its 200 day moving average is $67.55. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.35.

Howard Hughes (NYSE:HHH) last announced its earnings results on Wednesday, August 5th. The company reported $2.68 EPS for the quarter, topping the consensus estimate 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 7.51% and a net margin of 12.31%.The firm’s quarterly revenue was up 330.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.22) earnings per share. Sell-side analysts forecast that Howard Hughes Holdings Inc. will post 2.77 EPS for the current year.

Insider Buying and Selling at Howard Hughes

In other news, Director Mary Ann Tighe sold 13,495 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $67.25, for a total transaction of $907,538.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 47.70% of the company’s stock.

Howard Hughes 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.