Sugar Maple Asset Management LLC Invests $47,000 in Howard Hughes Holdings Inc. (NYSE:HHH)

Sugar Maple Asset Management LLC acquired a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 605 shares of the company’s stock, valued at approximately $47,000.

Several other hedge funds also recently modified their holdings of the company. Carmel Capital Partners LLC increased its holdings in shares of Howard Hughes by 2.6% in the third quarter. Carmel Capital Partners LLC now owns 5,739 shares of the company’s stock valued at $444,000 after purchasing an additional 144 shares in the last quarter. Point72 DIFC Ltd increased its holdings in shares of Howard Hughes by 2.0% in the third quarter. Point72 DIFC Ltd now owns 7,543 shares of the company’s stock valued at $584,000 after purchasing an additional 147 shares in the last quarter. US Bancorp DE increased its holdings in shares of Howard Hughes by 16.2% in the third quarter. US Bancorp DE now owns 1,364 shares of the company’s stock valued at $106,000 after purchasing an additional 190 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Howard Hughes by 0.4% in the second quarter. Hsbc Holdings PLC now owns 52,235 shares of the company’s stock valued at $3,359,000 after purchasing an additional 227 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. increased its holdings in shares of Howard Hughes by 0.5% in the third quarter. Pin Oak Investment Advisors Inc. now owns 52,991 shares of the company’s stock valued at $4,103,000 after purchasing an additional 240 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Stock Performance

Shares of Howard Hughes stock opened at $76.64 on Tuesday. The firm has a 50 day simple moving average of $79.95 and a 200 day simple moving average of $76.03. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $87.77. The firm has a market cap of $3.84 billion, a P/E ratio of 50.76 and a beta of 1.48.

Howard Hughes (NYSE:HHH) last released its earnings results on Monday, November 4th. The company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $1.76. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The firm had revenue of $327.15 million during the quarter, compared to analyst estimates of $261.00 million. During the same quarter in the previous year, the business earned ($0.26) EPS. The business’s quarterly revenue was up 43.2% compared to the same quarter last year. Sell-side analysts predict that Howard Hughes Holdings Inc. will post 3.28 earnings per share for the current fiscal 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.