Howard Hughes Holdings Inc. (NYSE:HHH) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its stake in Howard Hughes Holdings Inc. (NYSE:HHH) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 245,687 shares of the company’s stock after acquiring an additional 2,058 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.49% of Howard Hughes worth $21,019,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in shares of Howard Hughes in the 3rd quarter valued at approximately $2,221,000. Ziegler Capital Management LLC acquired a new stake in Howard Hughes during the 3rd quarter worth $512,000. Mad River Investors acquired a new stake in shares of Howard Hughes in the 3rd quarter worth $226,000. Handelsbanken Fonder AB acquired a new stake in shares of Howard Hughes in the 3rd quarter worth $612,000. Finally, Independent Investors Inc. acquired a new stake in shares of Howard Hughes in the 3rd quarter worth $2,188,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their target price on shares of Howard Hughes from $90.00 to $84.00 and set an “overweight” rating for the company in a research note on Tuesday, April 16th.

Howard Hughes Trading Down 0.8 %

HHH stock traded down $0.50 during midday trading on Thursday, reaching $63.75. 313,503 shares of the company’s stock traded hands, compared to its average volume of 308,783. The company has a market capitalization of $3.20 billion, a P/E ratio of -5.70 and a beta of 1.48. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.60 and a quick ratio of 1.60. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $86.72. The business has a 50-day moving average price of $71.13 and a two-hundred day moving average price of $74.64.

Howard Hughes (NYSE:HHH) last posted its earnings results on Tuesday, February 27th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.25. Howard Hughes had a negative net margin of 53.88% and a negative return on equity of 0.62%. The business had revenue of $335.84 million for the quarter, compared to analysts’ expectations of $318.32 million. Equities research analysts forecast that Howard Hughes Holdings Inc. will post 2.69 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Heath Melton sold 1,926 shares of Howard Hughes stock in a transaction on Friday, March 15th. The shares were sold at an average price of $72.95, for a total value of $140,501.70. Following the completion of the sale, the insider now owns 9,274 shares in the company, valued at $676,538.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 33.00% of the company’s stock.

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.