OFI Invest Asset Management Acquires New Stake in Howard Hughes Holdings Inc. (NYSE:HHH)

OFI Invest Asset Management acquired a new stake in Howard Hughes Holdings Inc. (NYSE:HHH) during the fourth quarter, HoldingsChannel reports. The fund acquired 5,000 shares of the company’s stock, valued at approximately $371,000.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in shares of Howard Hughes during the 4th quarter worth $511,000. PEAK6 Investments LLC boosted its position in shares of Howard Hughes by 201.8% during the 3rd quarter. PEAK6 Investments LLC now owns 17,683 shares of the company’s stock worth $1,369,000 after purchasing an additional 11,824 shares in the last quarter. KBC Group NV boosted its position in shares of Howard Hughes by 40.1% during the 4th quarter. KBC Group NV now owns 1,572 shares of the company’s stock worth $121,000 after purchasing an additional 450 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Howard Hughes by 225.6% during 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. Finally, Rule One Partners LLC purchased a new stake in shares of Howard Hughes during the 3rd quarter worth $12,544,000. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Howard Hughes Price Performance

Shares of NYSE HHH opened at $73.50 on Tuesday. The firm has a market capitalization of $3.70 billion, a P/E ratio of 48.68 and a beta of 1.48. Howard Hughes Holdings Inc. has a one year low of $59.00 and a one year high of $87.77. The company’s fifty day moving average is $75.87 and its two-hundred day moving average is $77.51. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08.

Howard Hughes (NYSE:HHH) last released its quarterly earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.40. The business had revenue of $983.59 million during the quarter, compared to the consensus estimate of $949.18 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. Analysts forecast that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal year.

Howard Hughes Profile

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.