Howard Hughes Holdings Inc. (NYSE:HHH) Shares Bought by River Road Asset Management LLC

River Road Asset Management LLC grew its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 66.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,052 shares of the company’s stock after buying an additional 37,008 shares during the period. River Road Asset Management LLC owned 0.19% of Howard Hughes worth $7,205,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Janney Montgomery Scott LLC bought a new stake in Howard Hughes during the first quarter worth approximately $294,000. Fidelis Capital Partners LLC bought a new stake in Howard Hughes during the first quarter worth approximately $26,000. FORA Capital LLC bought a new stake in Howard Hughes during the first quarter worth approximately $457,000. Jennison Associates LLC raised its holdings in Howard Hughes by 1.4% during the first quarter. Jennison Associates LLC now owns 179,040 shares of the company’s stock worth $13,002,000 after purchasing an additional 2,403 shares in the last quarter. Finally, ACR Alpine Capital Research LLC raised its holdings in Howard Hughes by 12.2% during the first quarter. ACR Alpine Capital Research LLC now owns 27,479 shares of the company’s stock worth $1,996,000 after purchasing an additional 2,983 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Price Performance

Shares of NYSE:HHH opened at $80.88 on Wednesday. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of -7.41 and a beta of 1.46. Howard Hughes Holdings Inc. has a 12 month low of $59.00 and a 12 month high of $86.72. The stock’s 50 day moving average price is $75.92 and its 200 day moving average price is $70.56. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.35.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $1.76. The company had revenue of $327.15 million for the quarter, compared to analysts’ expectations of $261.00 million. Howard Hughes had a negative return on equity of 0.33% and a negative net margin of 49.52%. The firm’s revenue was up 43.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.26) earnings per share. Equities research analysts anticipate that Howard Hughes Holdings Inc. will post 3.28 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.