6,559 Shares in Howard Hughes Holdings Inc. (NYSE:HHH) Acquired by DRW Securities LLC

DRW Securities LLC purchased a new stake in Howard Hughes Holdings Inc. (NYSE:HHH) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,559 shares of the company’s stock, valued at approximately $508,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Pekin Hardy Strauss Inc. purchased a new stake in shares of Howard Hughes during the 3rd quarter worth approximately $414,000. Cerity Partners LLC purchased a new stake in Howard Hughes in the third quarter valued at $712,000. LMR Partners LLP purchased a new stake in Howard Hughes in the third quarter valued at $1,936,000. MAI Capital Management boosted its stake in Howard Hughes by 4.3% in the third quarter. MAI Capital Management now owns 32,517 shares of the company’s stock valued at $2,518,000 after acquiring an additional 1,339 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Howard Hughes by 28.8% during the third quarter. Thrivent Financial for Lutherans now owns 33,970 shares of the company’s stock worth $2,630,000 after purchasing an additional 7,599 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Howard Hughes Price Performance

Shares of HHH opened at $86.44 on Wednesday. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 57.25 and a beta of 1.46. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $87.46. The firm has a 50-day simple moving average of $78.18 and a 200-day simple moving average of $72.21. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08.

Howard Hughes (NYSE:HHH) last announced its earnings results on Monday, November 4th. The company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $0.19 by $1.76. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The company had revenue of $327.15 million for the quarter, compared to the consensus estimate of $261.00 million. During the same period last year, the business posted ($0.26) EPS. The company’s revenue was up 43.2% on a year-over-year basis. On average, equities research analysts anticipate that Howard Hughes Holdings Inc. will post 3.28 earnings per share 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.