Donald Smith & CO. Inc. Acquires 9,093 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Donald Smith & CO. Inc. grew its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 0.6% during the 4th quarter, HoldingsChannel reports. The firm owned 1,661,280 shares of the company’s stock after purchasing an additional 9,093 shares during the quarter. Howard Hughes comprises approximately 3.1% of Donald Smith & CO. Inc.’s holdings, making the stock its 14th largest position. Donald Smith & CO. Inc.’s holdings in Howard Hughes were worth $127,786,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HHH. Jones Financial Companies Lllp bought a new position in Howard Hughes in the fourth quarter valued at about $40,000. Wilmington Savings Fund Society FSB acquired a new position in Howard Hughes during the 3rd quarter worth approximately $46,000. Sugar Maple Asset Management LLC bought a new position in Howard Hughes in the 4th quarter valued at approximately $47,000. Huntington National Bank boosted its position in Howard Hughes by 335.5% in the fourth quarter. Huntington National Bank now owns 932 shares of the company’s stock valued at $72,000 after buying an additional 718 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Howard Hughes by 40.1% during the fourth quarter. KBC Group NV now owns 1,572 shares of the company’s stock worth $121,000 after buying an additional 450 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Stock Up 1.3 %

Shares of HHH opened at $74.85 on Thursday. 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 Holdings Inc. has a 52 week low of $59.00 and a 52 week high of $87.77. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 49.57 and a beta of 1.48. The stock has a fifty day moving average of $75.36 and a 200-day moving average of $77.52.

Howard Hughes (NYSE:HHH) last posted its earnings results on Wednesday, February 26th. The company reported $3.25 EPS for the quarter, beating the consensus estimate of $2.85 by $0.40. The firm had revenue of $983.59 million during the quarter, compared to the consensus estimate of $949.18 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. As a group, sell-side analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal 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.