Howard Hughes Holdings Inc. $HHH Shares Bought by Sowell Financial Services LLC

Sowell Financial Services LLC increased its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 14.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,579 shares of the company’s stock after acquiring an additional 14,722 shares during the quarter. Sowell Financial Services LLC’s holdings in Howard Hughes were worth $8,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in shares of Howard Hughes by 74.5% during the third quarter. GAMMA Investing LLC now owns 452 shares of the company’s stock valued at $33,000 after purchasing an additional 193 shares during the period. Valeo Financial Advisors LLC boosted its position in Howard Hughes by 7.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,409 shares of the company’s stock valued at $244,000 after buying an additional 226 shares during the period. Baird Financial Group Inc. boosted its position in Howard Hughes by 3.6% during the 2nd quarter. Baird Financial Group Inc. now owns 7,771 shares of the company’s stock valued at $556,000 after buying an additional 272 shares during the period. Allworth Financial LP purchased a new stake in Howard Hughes during the 2nd quarter valued at $31,000. Finally, Versant Capital Management Inc grew its holdings in Howard Hughes by 688.4% in the 2nd quarter. Versant Capital Management Inc now owns 883 shares of the company’s stock worth $63,000 after acquiring an additional 771 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Howard Hughes Stock Up 4.0%

HHH stock opened at $69.34 on Wednesday. Howard Hughes Holdings Inc. has a fifty-two week low of $60.09 and a fifty-two week high of $91.07. The business’s 50 day moving average price is $67.01 and its two-hundred day moving average price is $66.63. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.31 and a current ratio of 2.31. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 13.50 and a beta of 1.14.

Howard Hughes (NYSE:HHH) last announced its earnings results on Wednesday, August 5th. The company reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $2.19. The firm had revenue of $1.12 billion during the quarter. Howard Hughes had a return on equity of 7.51% and a net margin of 12.31%. The firm’s revenue was up 330.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.22) EPS. As a group, analysts forecast that Howard Hughes Holdings Inc. will post 4.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

HHH has been the topic of a number of analyst reports. 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. Zacks Research raised shares of Howard Hughes from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. JPMorgan Chase & Co. increased their target price on shares of Howard Hughes from $76.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Finally, Piper Sandler dropped their target price on shares of Howard Hughes from $100.00 to $83.00 and set an “overweight” rating for the company in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.00.

Insider Buying and Selling at Howard Hughes

In other Howard Hughes news, Director Mary Tighe sold 13,495 shares of the firm’s 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Andrew D. Davis bought 1,000 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The shares were acquired at an average price of $64.49 per share, for a total transaction of $64,490.00. Following the acquisition, the chief operating officer owned 32,530 shares in the company, valued at approximately $2,097,859.70. This represents a 3.17% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 47.70% of the stock is owned by corporate insiders.

Howard Hughes Company Profile

Howard Hughes Holdings Inc (NYSE: HHH) is a real estate development and operating company focused primarily on master planned communities, residential and commercial development, and the management of related real estate assets. The company develops large-scale communities that may include housing, retail, offices, schools, parks and other amenities, while generating revenue through land sales, development activities and property operations.

The company’s master planned community portfolio has included Summerlin in the Las Vegas area; Bridgeland, The Woodlands and The Woodlands Hills in the greater Houston area; and other communities and real estate assets in selected U.S.