Quantbot Technologies LP Invests $1.50 Million in Howard Hughes Holdings Inc. (NYSE:HHH)

Quantbot Technologies LP acquired a new stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 19,538 shares of the company’s stock, valued at approximately $1,503,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Egerton Capital UK LLP purchased a new stake in shares of Howard Hughes in the fourth quarter worth $34,150,000. JPMorgan Chase & Co. boosted its stake in Howard Hughes by 225.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 487,092 shares of the company’s stock worth $37,716,000 after purchasing an additional 337,514 shares in the last quarter. River Road Asset Management LLC grew its position in Howard Hughes by 235.9% during the 4th quarter. River Road Asset Management LLC now owns 312,566 shares of the company’s stock valued at $24,043,000 after purchasing an additional 219,514 shares during the last quarter. Rule One Partners LLC bought a new stake in Howard Hughes during the 3rd quarter valued at about $12,544,000. Finally, Impax Asset Management Group plc grew its holdings in shares of Howard Hughes by 157.4% during the fourth quarter. Impax Asset Management Group plc now owns 257,393 shares of the company’s stock valued at $19,799,000 after buying an additional 157,393 shares during the last quarter. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Trading Up 1.5 %

Shares of HHH stock opened at $76.13 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98. Howard Hughes Holdings Inc. has a 12-month low of $59.00 and a 12-month high of $87.77. The stock has a market capitalization of $3.84 billion, a P/E ratio of 50.42 and a beta of 1.48. The firm’s 50 day moving average is $75.63 and its 200 day moving average is $77.48.

Howard Hughes (NYSE:HHH) last posted its earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.40. The company had revenue of $983.59 million during the quarter, compared to analysts’ expectations of $949.18 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. Research analysts expect that Howard Hughes Holdings Inc. will post 3.7 earnings per share 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.