169,075 Shares in Howard Hughes Holdings Inc. $HHH Bought by Permanens Capital L.P.

Permanens Capital L.P. acquired a new stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 169,075 shares of the company’s stock, valued at approximately $12,087,000. Howard Hughes accounts for about 1.2% of Permanens Capital L.P.’s holdings, making the stock its 17th biggest position.

Other hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC increased its stake in shares of 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 acquiring an additional 147 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of 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 last quarter. &PARTNERS increased its position in Howard Hughes by 3.9% during the 4th quarter. &PARTNERS now owns 5,407 shares of the company’s stock valued at $431,000 after buying an additional 204 shares in the last quarter. California State Teachers Retirement System raised its stake in Howard Hughes by 0.7% during the second quarter. California State Teachers Retirement System now owns 30,098 shares of the company’s stock valued at $2,032,000 after buying an additional 217 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its holdings in Howard Hughes by 7.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,409 shares of the company’s stock worth $244,000 after acquiring an additional 226 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Trading Down 2.1%

NYSE:HHH opened at $65.62 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 13.28 and a beta of 1.14. Howard Hughes Holdings Inc. has a one year low of $61.01 and a one year high of $91.07. The business has a fifty day moving average price of $68.62 and a 200-day moving average price of $67.69.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $0.49 by $2.19. Howard Hughes had a net margin of 12.31% and a return on equity of 7.51%. The business had revenue of $1.12 billion for the quarter. During the same period in the prior year, the firm earned ($0.22) EPS. Howard Hughes’s revenue for the quarter was up 330.2% compared to the same quarter last year. Sell-side analysts forecast that Howard Hughes Holdings Inc. will post 2.77 EPS for the current year.

Insider Buying and Selling

In related news, Director Mary Ann Tighe sold 13,495 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 47.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.