DRW Securities LLC Buys Shares of 6,559 Howard Hughes Holdings Inc. (NYSE:HHH)

DRW Securities LLC purchased a new stake in Howard Hughes Holdings Inc. (NYSE:HHH) during the 3rd quarter, Holdings Channel reports. The fund purchased 6,559 shares of the company’s stock, valued at approximately $508,000.

Several other large investors have also modified their holdings of HHH. Price T Rowe Associates Inc. MD lifted its stake in Howard Hughes by 1.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,210 shares of the company’s stock valued at $1,759,000 after buying an additional 398 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Howard Hughes in the first quarter valued at $549,000. Swedbank AB acquired a new stake in shares of Howard Hughes during the first quarter valued at $2,905,000. Hilltop National Bank purchased a new stake in Howard Hughes during the 2nd quarter worth about $199,000. Finally, Beech Hill Advisors Inc. raised its stake in Howard Hughes by 9.8% in the 2nd quarter. Beech Hill Advisors Inc. now owns 7,300 shares of the company’s stock valued at $473,000 after purchasing an additional 650 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Price Performance

NYSE:HHH opened at $86.44 on Wednesday. Howard Hughes Holdings Inc. has a 12-month low of $59.00 and a 12-month high of $87.46. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 57.25 and a beta of 1.46. The company’s 50-day moving average is $78.18 and its two-hundred day moving average is $72.21. 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 (NYSE:HHH) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $1.76. The business had revenue of $327.15 million for the quarter, compared to the consensus estimate of $261.00 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The company’s quarterly revenue was up 43.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. 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.