Flat Footed LLC Purchases Shares of 215,288 Howard Hughes Holdings Inc. $HHH

Flat Footed LLC purchased a new position in Howard Hughes Holdings Inc. (NYSE:HHH) in the first quarter, HoldingsChannel reports. The firm purchased 215,288 shares of the company’s stock, valued at approximately $13,619,000. Howard Hughes accounts for 1.5% of Flat Footed LLC’s portfolio, making the stock its 6th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HHH. Signaturefd LLC raised its position in shares of Howard Hughes by 41.5% during the 4th quarter. Signaturefd LLC now owns 423 shares of the company’s stock valued at $34,000 after purchasing an additional 124 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Howard Hughes by 0.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 27,193 shares of the company’s stock worth $2,169,000 after buying an additional 147 shares during the period. Fifth Third Bancorp boosted its holdings in Howard Hughes by 37.2% in the 4th quarter. Fifth Third Bancorp now owns 572 shares of the company’s stock worth $46,000 after buying an additional 155 shares during the period. &PARTNERS increased its stake in Howard Hughes by 3.9% in the 4th quarter. &PARTNERS now owns 5,407 shares of the company’s stock worth $431,000 after buying an additional 204 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in Howard Hughes by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 30,098 shares of the company’s stock worth $2,032,000 after buying an additional 217 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HHH. JPMorgan Chase & Co. boosted their price objective on 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 upgraded Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Howard Hughes in a research note on Friday, July 17th. Finally, Zacks Research cut Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell” and an average price target of $79.00.

Insider Transactions at Howard Hughes

In other Howard Hughes news, insider James Carman sold 1,500 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $1,418,563.20. This represents a 6.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 48.00% of the stock is currently owned by insiders.

Howard Hughes Stock Down 0.0%

Shares of NYSE:HHH opened at $65.91 on Monday. Howard Hughes Holdings Inc. has a 1 year low of $61.01 and a 1 year high of $91.07. The business has a 50 day simple moving average of $67.85 and a two-hundred day simple moving average of $70.16. The firm has a market capitalization of $3.93 billion, a PE ratio of 32.31 and a beta of 1.12. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.58 and a quick ratio of 1.58.

Howard Hughes (NYSE:HHH) last released its earnings results on Thursday, May 7th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter. During the same period in the prior year, the company posted $0.21 EPS. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. On average, equities analysts predict that Howard Hughes Holdings Inc. will post 2.77 EPS for the current 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.