VIRGINIA RETIREMENT SYSTEMS ET Al Invests $2.48 Million in Howard Hughes Holdings Inc. $HHH

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Howard Hughes Holdings Inc. (NYSE:HHH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 34,710 shares of the company’s stock, valued at approximately $2,481,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HHH. Dimensional Fund Advisors LP grew its stake in Howard Hughes by 8.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,822,522 shares of the company’s stock worth $178,549,000 after buying an additional 208,617 shares during the last quarter. California State Teachers Retirement System lifted its stake in Howard Hughes by 6,164.0% in the second quarter. California State Teachers Retirement System now owns 2,532,390 shares of the company’s stock valued at $181,041,000 after buying an additional 2,491,962 shares during the last quarter. BlackRock Inc. bought a new stake in Howard Hughes in the second quarter valued at $115,766,000. Donald Smith & CO. Inc. acquired a new position in shares of Howard Hughes during the second quarter valued at $71,691,000. Finally, Flat Footed LLC acquired a new position in shares of Howard Hughes during the second quarter valued at $44,353,683. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Trading Down 1.9%

Shares of NYSE:HHH opened at $61.58 on Friday. The company has a 50 day moving average of $67.23 and a 200-day moving average of $66.27. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 1.35. The firm has a market cap of $3.68 billion, a P/E ratio of 12.46 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.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.68 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business earned ($0.22) EPS. Howard Hughes’s revenue was up 330.2% compared to the same quarter last year. As a group, analysts anticipate that Howard Hughes Holdings Inc. will post 2.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on HHH shares. Zacks Research cut shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Weiss Ratings upgraded shares of Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. Finally, 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 note on Thursday, July 16th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Howard Hughes currently has a consensus rating of “Reduce” and an average price target of $79.00.

Insider Transactions at Howard Hughes

In other news, Director Mary Tighe sold 13,495 shares of Howard Hughes stock in a transaction on 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 legal filing with the SEC, 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.