Brighton Jones LLC Makes New Investment in Howard Hughes Holdings Inc. (NYSE:HHH)

Brighton Jones LLC purchased a new stake in Howard Hughes Holdings Inc. (NYSE:HHH) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 6,646 shares of the company’s stock, valued at approximately $511,000.

Several other hedge funds also recently modified their holdings of HHH. Wilmington Savings Fund Society FSB bought a new position in shares of Howard Hughes during the third quarter valued at $46,000. Sugar Maple Asset Management LLC bought a new position in Howard Hughes during the 4th quarter worth $47,000. Truvestments Capital LLC acquired a new position in Howard Hughes during the 3rd quarter worth about $83,000. KBC Group NV grew its position in shares of Howard Hughes by 34.4% in the 3rd quarter. KBC Group NV now owns 1,122 shares of the company’s stock valued at $87,000 after buying an additional 287 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Howard Hughes by 16.2% in the third quarter. US Bancorp DE now owns 1,364 shares of the company’s stock valued at $106,000 after buying an additional 190 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Price Performance

Howard Hughes stock opened at $75.65 on Monday. The stock’s 50 day moving average is $79.50 and its 200 day moving average is $76.33. Howard Hughes Holdings Inc. has a one year low of $59.00 and a one year high of $87.77. The firm has a market cap of $3.79 billion, a P/E ratio of 50.10 and a beta of 1.48. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $1.76. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The company had revenue of $327.15 million for the quarter, compared to analyst estimates of $261.00 million. During the same period in the prior year, the firm posted ($0.26) EPS. The company’s quarterly revenue was up 43.2% on a year-over-year basis. As a group, research analysts expect that Howard Hughes Holdings Inc. will post 3.28 EPS for the current 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.