Howard Hughes Holdings Inc. (NYSE:HHH) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp lifted its stake in Howard Hughes Holdings Inc. (NYSE:HHH) by 9.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,828 shares of the company’s stock after acquiring an additional 793 shares during the quarter. Cibc World Markets Corp’s holdings in Howard Hughes were worth $679,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HHH. KBC Group NV lifted its holdings in shares of Howard Hughes by 34.4% in the 3rd quarter. KBC Group NV now owns 1,122 shares of the company’s stock worth $87,000 after acquiring an additional 287 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Howard Hughes by 28.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 33,970 shares of the company’s stock worth $2,630,000 after acquiring an additional 7,599 shares during the last quarter. Cerity Partners LLC acquired a new position in shares of Howard Hughes in the 3rd quarter worth approximately $712,000. Pekin Hardy Strauss Inc. acquired a new position in shares of Howard Hughes in the 3rd quarter worth approximately $414,000. Finally, DRW Securities LLC acquired a new position in shares of Howard Hughes in the 3rd quarter worth approximately $508,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Price Performance

Shares of HHH opened at $74.90 on Friday. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $87.77. The firm’s 50 day moving average price is $75.68 and its 200 day moving average price is $77.43. The company has a market cap of $3.78 billion, a P/E ratio of 49.60 and a beta of 1.48. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98.

Howard Hughes (NYSE:HHH) last announced its earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.40. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The firm had revenue of $983.59 million for the quarter, compared to the consensus estimate of $949.18 million. On average, research analysts forecast that Howard Hughes Holdings Inc. will post 3.7 earnings per share 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.