AlphaQuest LLC Boosts Stock Position in Howard Hughes Holdings Inc. (NYSE:HHH)

AlphaQuest LLC raised its stake in Howard Hughes Holdings Inc. (NYSE:HHH) by 28.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,073 shares of the company’s stock after purchasing an additional 3,601 shares during the period. AlphaQuest LLC’s holdings in Howard Hughes were worth $1,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in Howard Hughes in the fourth quarter valued at about $511,000. PEAK6 Investments LLC grew its stake in Howard Hughes by 201.8% in the third quarter. PEAK6 Investments LLC now owns 17,683 shares of the company’s stock valued at $1,369,000 after purchasing an additional 11,824 shares during the last quarter. KBC Group NV grew its stake in Howard Hughes by 40.1% in the fourth quarter. KBC Group NV now owns 1,572 shares of the company’s stock valued at $121,000 after purchasing an additional 450 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Howard Hughes by 225.6% in the third quarter. JPMorgan Chase & Co. now owns 487,092 shares of the company’s stock valued at $37,716,000 after purchasing an additional 337,514 shares during the last quarter. Finally, Rule One Partners LLC purchased a new position in Howard Hughes in the third quarter valued at about $12,544,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Howard Hughes Price Performance

Shares of HHH stock opened at $74.92 on Monday. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $87.77. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 49.62 and a beta of 1.48. 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 stock’s 50-day simple moving average is $75.94 and its 200-day simple moving average is $77.50.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.40. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The business had revenue of $983.59 million for the quarter, compared to analyst estimates of $949.18 million. As a group, equities analysts forecast that Howard Hughes Holdings Inc. will post 3.7 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.