Bryce Point Capital LLC Takes $533,000 Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Bryce Point Capital LLC purchased a new stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,926 shares of the company’s stock, valued at approximately $533,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HHH. Brighton Jones LLC bought a new stake in Howard Hughes in the fourth quarter valued at about $511,000. KBC Group NV increased its stake in shares of Howard Hughes by 40.1% in the 4th quarter. KBC Group NV now owns 1,572 shares of the company’s stock valued at $121,000 after acquiring an additional 450 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Howard Hughes by 225.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 487,092 shares of the company’s stock valued at $37,716,000 after acquiring an additional 337,514 shares during the period. Rule One Partners LLC acquired a new position in Howard Hughes during the third quarter valued at approximately $12,544,000. Finally, FMR LLC increased its stake in Howard Hughes by 46.9% in the third quarter. FMR LLC now owns 5,985 shares of the company’s stock valued at $463,000 after purchasing an additional 1,910 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Trading Down 5.8 %

Shares of NYSE HHH opened at $70.51 on Friday. 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 Holdings Inc. has a twelve month low of $59.00 and a twelve month high of $87.77. The company’s fifty day moving average is $75.26 and its 200-day moving average is $77.47. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 46.69 and a beta of 1.48.

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