JPMorgan Chase & Co. Buys 337,514 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

JPMorgan Chase & Co. grew its stake in Howard Hughes Holdings Inc. (NYSE:HHH) by 225.6% in the third quarter, HoldingsChannel.com reports. The fund owned 487,092 shares of the company’s stock after acquiring an additional 337,514 shares during the period. JPMorgan Chase & Co.’s holdings in Howard Hughes were worth $37,716,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Donald Smith & CO. Inc. grew its position in shares of Howard Hughes by 27.5% in the 2nd quarter. Donald Smith & CO. Inc. now owns 1,652,046 shares of the company’s stock valued at $107,086,000 after purchasing an additional 356,025 shares during the period. New South Capital Management Inc. lifted its stake in Howard Hughes by 0.4% in the second quarter. New South Capital Management Inc. now owns 609,289 shares of the company’s stock valued at $39,494,000 after buying an additional 2,698 shares in the last quarter. State Street Corp boosted its holdings in shares of Howard Hughes by 3.2% in the third quarter. State Street Corp now owns 605,785 shares of the company’s stock valued at $46,906,000 after buying an additional 19,045 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Howard Hughes by 22.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 456,083 shares of the company’s stock worth $35,315,000 after acquiring an additional 82,746 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of Howard Hughes by 4.3% during the second quarter. Clearbridge Investments LLC now owns 340,194 shares of the company’s stock worth $22,051,000 after acquiring an additional 13,880 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Stock Performance

Shares of HHH opened at $76.48 on Monday. Howard Hughes Holdings Inc. has a 12 month low of $59.00 and a 12 month high of $87.77. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98. The firm has a fifty day simple moving average of $80.69 and a 200 day simple moving average of $75.09. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 50.65 and a beta of 1.48.

Howard Hughes (NYSE:HHH) last announced its earnings results on Monday, November 4th. The company reported $1.95 EPS for the quarter, topping the consensus estimate of $0.19 by $1.76. The company had revenue of $327.15 million for the quarter, compared to analysts’ expectations of $261.00 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The business’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same period last year, the firm earned ($0.26) earnings per share. Research analysts forecast that Howard Hughes Holdings Inc. will post 3.28 EPS for the current fiscal year.

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.