Donald Smith & CO. Inc. Has $107.09 Million Stake in Howard Hughes Holdings Inc. (NYSE:HHH)

Donald Smith & CO. Inc. raised its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 27.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,652,046 shares of the company’s stock after buying an additional 356,025 shares during the quarter. Howard Hughes accounts for approximately 2.7% of Donald Smith & CO. Inc.’s holdings, making the stock its 13th biggest holding. Donald Smith & CO. Inc. owned approximately 3.29% of Howard Hughes worth $107,086,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Fidelis Capital Partners LLC bought a new position in shares of Howard Hughes during the first quarter valued at $26,000. SPX Gestao de Recursos Ltda bought a new position in shares of Howard Hughes in the fourth quarter valued at approximately $70,000. Principal Securities Inc. acquired a new position in shares of Howard Hughes in the 4th quarter worth approximately $114,000. Headlands Technologies LLC grew its position in Howard Hughes by 897.0% during the 2nd quarter. Headlands Technologies LLC now owns 1,336 shares of the company’s stock worth $87,000 after acquiring an additional 1,202 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in Howard Hughes during the 2nd quarter valued at $116,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reduced their price objective on Howard Hughes from $89.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, June 4th.

Howard Hughes Price Performance

HHH opened at $75.69 on Monday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.35. The company’s 50 day simple moving average is $71.31 and its 200-day simple moving average is $68.88. Howard Hughes Holdings Inc. has a one year low of $59.00 and a one year high of $86.72. The stock has a market capitalization of $3.80 billion, a P/E ratio of -6.45 and a beta of 1.45.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. The business had revenue of $317.40 million during the quarter, compared to the consensus estimate of $239.73 million. Howard Hughes had a negative net margin of 49.52% and a negative return on equity of 0.33%. Howard Hughes’s revenue for the quarter was up 42.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.39) earnings per share. Sell-side analysts anticipate that Howard Hughes Holdings Inc. will post 3.05 earnings per share 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.