Truvestments Capital LLC Takes Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Truvestments Capital LLC acquired a new position in Howard Hughes Holdings Inc. (NYSE:HHH) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,073 shares of the company’s stock, valued at approximately $83,000.

Several other hedge funds also recently added to or reduced their stakes in the business. DRW Securities LLC purchased a new stake in Howard Hughes in the 3rd quarter valued at about $508,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of Howard Hughes during the third quarter valued at about $414,000. Cerity Partners LLC acquired a new position in shares of Howard Hughes in the 3rd quarter worth approximately $712,000. LMR Partners LLP acquired a new position in shares of Howard Hughes in the 3rd quarter worth approximately $1,936,000. Finally, MAI Capital Management boosted its position in shares of Howard Hughes by 4.3% during the 3rd quarter. MAI Capital Management now owns 32,517 shares of the company’s stock worth $2,518,000 after purchasing an additional 1,339 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Howard Hughes Stock Up 0.4 %

NYSE:HHH opened at $86.44 on Wednesday. Howard Hughes Holdings Inc. has a 52 week low of $59.00 and a 52 week high of $87.46. The stock’s fifty day moving average is $78.18 and its two-hundred day moving average is $72.21. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 57.25 and a beta of 1.46. 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 posted its earnings results on Monday, November 4th. The company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $1.76. The firm had revenue of $327.15 million for the quarter, compared to analyst estimates of $261.00 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. Howard Hughes’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) EPS. Research analysts anticipate that Howard Hughes Holdings Inc. will post 3.28 EPS for the current 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.