Squarepoint Ops LLC Has $6.05 Million Stake in Howard Hughes Holdings Inc. (NYSE:HHH)

Squarepoint Ops LLC raised its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 41.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 93,306 shares of the company’s stock after purchasing an additional 27,513 shares during the period. Squarepoint Ops LLC’s holdings in Howard Hughes were worth $6,048,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pershing Square Capital Management L.P. increased its position in shares of Howard Hughes by 12.2% in the fourth quarter. Pershing Square Capital Management L.P. now owns 18,852,064 shares of the company’s stock valued at $1,612,794,000 after acquiring an additional 2,045,156 shares during the last quarter. Donald Smith & CO. Inc. grew its holdings in Howard Hughes by 27.5% during the second quarter. Donald Smith & CO. Inc. now owns 1,652,046 shares of the company’s stock worth $107,086,000 after purchasing an additional 356,025 shares during the period. New South Capital Management Inc. grew its holdings in Howard Hughes by 0.4% during the second quarter. New South Capital Management Inc. now owns 609,289 shares of the company’s stock worth $39,494,000 after purchasing an additional 2,698 shares during the period. Russell Investments Group Ltd. grew its holdings in Howard Hughes by 14.7% during the first quarter. Russell Investments Group Ltd. now owns 383,122 shares of the company’s stock worth $27,822,000 after purchasing an additional 49,103 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Howard Hughes by 81.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 337,440 shares of the company’s stock worth $24,505,000 after purchasing an additional 151,341 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reduced their price target on Howard Hughes from $89.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, June 4th.

Howard Hughes Trading Up 1.0 %

Howard Hughes stock opened at $77.74 on Monday. Howard Hughes Holdings Inc. has a 52 week low of $59.00 and a 52 week high of $86.72. The stock has a market capitalization of $3.91 billion, a P/E ratio of -6.63 and a beta of 1.45. The stock has a 50-day simple moving average of $72.74 and a 200 day simple moving average of $68.96. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.35 and a current ratio of 1.35.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. Howard Hughes had a negative return on equity of 0.33% and a negative net margin of 49.52%. The company had revenue of $317.40 million during the quarter, compared to analysts’ expectations of $239.73 million. During the same quarter in the previous year, the company posted ($0.39) earnings per share. The business’s revenue was up 42.1% on a year-over-year basis. Analysts expect that Howard Hughes Holdings Inc. will post 3.05 earnings per share 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.