Howard Hughes (NYSE:HHH) Shares Gap Up – What’s Next?

Howard Hughes Holdings Inc. (NYSE:HHH)’s share price gapped up before the market opened on Monday . The stock had previously closed at $71.78, but opened at $77.68. Howard Hughes shares last traded at $80.04, with a volume of 398,962 shares changing hands.

Howard Hughes Stock Performance

The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 51.32 and a beta of 1.48. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98. The stock’s 50-day moving average is $80.48 and its 200-day moving average is $75.67.

Howard Hughes (NYSE:HHH) last announced its quarterly 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 company had revenue of $327.15 million during the quarter, compared to the consensus estimate of $261.00 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The company’s revenue for the quarter was up 43.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.26) earnings per share. On average, analysts predict that Howard Hughes Holdings Inc. will post 3.28 EPS for the current fiscal year.

Institutional Trading of Howard Hughes

Hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in Howard Hughes in the 3rd quarter valued at approximately $46,000. Truvestments Capital LLC acquired a new position in Howard Hughes in the 3rd quarter valued at approximately $83,000. Headlands Technologies LLC increased its position in Howard Hughes by 897.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,336 shares of the company’s stock valued at $87,000 after acquiring an additional 1,202 shares during the period. KBC Group NV raised its stake in shares of Howard Hughes by 34.4% during the third quarter. KBC Group NV now owns 1,122 shares of the company’s stock valued at $87,000 after acquiring an additional 287 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Howard Hughes by 16.2% during the third quarter. US Bancorp DE now owns 1,364 shares of the company’s stock worth $106,000 after purchasing an additional 190 shares during the period. 93.83% of the stock is owned by institutional investors and hedge funds.

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.