LDR Capital Management LLC Boosts Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

LDR Capital Management LLC grew its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 48.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,011 shares of the company’s stock after buying an additional 8,520 shares during the quarter. Howard Hughes accounts for 1.5% of LDR Capital Management LLC’s investment portfolio, making the stock its 24th largest holding. LDR Capital Management LLC owned 0.05% of Howard Hughes worth $1,686,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Swedbank AB purchased a new stake in shares of Howard Hughes in the first quarter valued at approximately $2,905,000. Clearbridge Investments LLC lifted its stake in shares of Howard Hughes by 2.4% in the first quarter. Clearbridge Investments LLC now owns 326,314 shares of the company’s stock valued at $23,697,000 after purchasing an additional 7,500 shares during the period. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Howard Hughes during the 4th quarter valued at approximately $2,915,000. Norges Bank acquired a new stake in shares of Howard Hughes in the 4th quarter worth approximately $26,369,000. Finally, Pershing Square Capital Management L.P. increased its stake in Howard Hughes by 12.2% in the 4th 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 purchasing an additional 2,045,156 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Analyst Ratings Changes

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

Howard Hughes Price Performance

Shares of Howard Hughes stock traded up $0.35 during trading on Tuesday, hitting $75.04. 124,043 shares of the company were exchanged, compared to its average volume of 314,500. The firm has a 50 day moving average price of $68.85 and a 200 day moving average price of $69.16. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of -6.40 and a beta of 1.45. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 1.79. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $86.72.

Howard Hughes (NYSE:HHH) last released its quarterly earnings results on Friday, July 26th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. The company had revenue of $317.40 million during the quarter, compared to analysts’ expectations of $239.73 million. Howard Hughes had a negative return on equity of 0.33% and a negative net margin of 49.52%. The business’s revenue for the quarter was up 42.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.39) earnings per share. On average, equities analysts expect that Howard Hughes Holdings Inc. will post 3.04 earnings per share for the current fiscal year.

Howard Hughes Company 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.