Pin Oak Investment Advisors Inc. Boosts Stock Holdings in Howard Hughes Holdings Inc. $HHH

Pin Oak Investment Advisors Inc. boosted its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 10.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,027 shares of the company’s stock after purchasing an additional 5,292 shares during the period. Howard Hughes comprises 3.5% of Pin Oak Investment Advisors Inc.’s holdings, making the stock its 6th largest position. Pin Oak Investment Advisors Inc. owned approximately 0.10% of Howard Hughes worth $4,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in shares of Howard Hughes in the fourth quarter valued at about $511,000. Cerity Partners LLC raised its position in Howard Hughes by 42.9% in the 1st quarter. Cerity Partners LLC now owns 17,541 shares of the company’s stock valued at $1,299,000 after buying an additional 5,270 shares during the last quarter. Larson Financial Group LLC lifted its stake in Howard Hughes by 2,290.9% in the 1st quarter. Larson Financial Group LLC now owns 526 shares of the company’s stock valued at $39,000 after acquiring an additional 504 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Howard Hughes by 2.0% in the 1st quarter. Victory Capital Management Inc. now owns 300,963 shares of the company’s stock valued at $22,295,000 after acquiring an additional 5,872 shares in the last quarter. Finally, Kestra Private Wealth Services LLC acquired a new position in Howard Hughes during the 1st quarter worth approximately $220,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Stock Performance

Shares of HHH stock opened at $83.12 on Tuesday. The company has a fifty day moving average price of $81.65 and a two-hundred day moving average price of $74.41. Howard Hughes Holdings Inc. has a one year low of $61.40 and a one year high of $90.27. The stock has a market cap of $4.94 billion, a P/E ratio of 18.19 and a beta of 1.26. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.18 and a quick ratio of 1.18.

Howard Hughes (NYSE:HHH) last released its quarterly earnings data on Monday, November 10th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.46. The company had revenue of $390.24 million for the quarter, compared to analyst estimates of $331.52 million. Howard Hughes had a net margin of 12.85% and a return on equity of 10.51%. Howard Hughes’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.95 EPS. As a group, equities analysts predict that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

Insiders Place Their Bets

In other Howard Hughes news, Director Anthony Williams sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $79.58, for a total transaction of $87,538.00. Following the transaction, the director owned 8,102 shares of the company’s stock, valued at $644,757.16. The trade was a 11.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 48.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HHH. Zacks Research downgraded shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. lifted their price target on shares of Howard Hughes from $76.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Howard Hughes in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Howard Hughes has an average rating of “Hold” and an average target price of $83.33.

About Howard Hughes

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.