Intrepid Capital Management Inc. Increases Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

Intrepid Capital Management Inc. raised its stake in Howard Hughes Holdings Inc. (NYSE:HHH) by 10.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,635 shares of the company’s stock after buying an additional 3,073 shares during the quarter. Howard Hughes makes up approximately 1.4% of Intrepid Capital Management Inc.’s investment portfolio, making the stock its 22nd largest position. Intrepid Capital Management Inc. owned about 0.07% of Howard Hughes worth $2,527,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Howard Hughes by 1.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,210 shares of the company’s stock valued at $1,759,000 after purchasing an additional 398 shares during the period. Beech Hill Advisors Inc. increased its holdings in shares of Howard Hughes by 9.8% during the 2nd quarter. Beech Hill Advisors Inc. now owns 7,300 shares of the company’s stock worth $473,000 after buying an additional 650 shares during the last quarter. Diversified Trust Co purchased a new stake in shares of Howard Hughes during the 2nd quarter valued at approximately $396,000. Assenagon Asset Management S.A. acquired a new position in Howard Hughes in the second quarter valued at approximately $1,482,000. Finally, OFI Invest Asset Management purchased a new position in Howard Hughes in the second quarter worth approximately $302,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Howard Hughes Trading Down 0.4 %

HHH stock traded down $0.31 during midday trading on Tuesday, hitting $85.35. 1,662 shares of the company’s stock were exchanged, compared to its average volume of 281,695. Howard Hughes Holdings Inc. has a 1-year low of $59.00 and a 1-year high of $87.77. The business has a 50-day simple moving average of $79.18 and a two-hundred day simple moving average of $72.89. The stock has a market capitalization of $4.28 billion, a PE ratio of 56.75 and a beta of 1.48. 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 posted its earnings results on Monday, November 4th. The company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $1.76. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The company had revenue of $327.15 million for the quarter, compared to analysts’ expectations of $261.00 million. During the same quarter in the prior year, the company posted ($0.26) earnings per share. Howard Hughes’s revenue for the quarter was up 43.2% compared to the same quarter last year. On average, sell-side analysts predict that Howard Hughes Holdings Inc. will post 3.28 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.