Infrastructure Capital Advisors LLC Takes Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Infrastructure Capital Advisors LLC bought a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,000 shares of the company’s stock, valued at approximately $387,000.

Several other hedge funds have also added to or reduced their stakes in the business. Carmel Capital Partners LLC boosted its position in Howard Hughes by 2.6% during the 3rd quarter. Carmel Capital Partners LLC now owns 5,739 shares of the company’s stock worth $444,000 after buying an additional 144 shares during the period. US Bancorp DE boosted its position in Howard Hughes by 16.2% during the 3rd quarter. US Bancorp DE now owns 1,364 shares of the company’s stock worth $106,000 after buying an additional 190 shares during the period. Arizona State Retirement System boosted its position in Howard Hughes by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 9,143 shares of the company’s stock worth $593,000 after buying an additional 197 shares during the period. Hsbc Holdings PLC boosted its position in Howard Hughes by 0.4% during the 2nd quarter. Hsbc Holdings PLC now owns 52,235 shares of the company’s stock worth $3,359,000 after buying an additional 227 shares during the period. Finally, Pin Oak Investment Advisors Inc. boosted its position in Howard Hughes by 0.5% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 52,991 shares of the company’s stock worth $4,103,000 after buying an additional 240 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Stock Up 0.6 %

Shares of NYSE HHH opened at $86.88 on Friday. The company has a market capitalization of $4.36 billion, a P/E ratio of 57.54 and a beta of 1.46. Howard Hughes Holdings Inc. has a 52-week low of $59.00 and a 52-week high of $87.77. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08. The company’s 50 day moving average price is $78.81 and its 200-day moving average price is $72.56.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $1.76. The firm 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 revenue for the quarter was up 43.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.26) EPS. Equities analysts forecast that Howard Hughes Holdings Inc. will post 3.28 earnings per share for the current 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.