State of New Jersey Common Pension Fund D Buys 2,058 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

State of New Jersey Common Pension Fund D raised its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 0.8% in the fourth quarter, Holdings Channel reports. The firm owned 245,687 shares of the company’s stock after purchasing an additional 2,058 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Howard Hughes were worth $21,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of HHH. International Assets Investment Management LLC bought a new position in shares of Howard Hughes during the 4th quarter worth $44,000. Baker Avenue Asset Management LP purchased a new stake in shares of Howard Hughes in the 3rd quarter valued at about $45,000. Citigroup Inc. purchased a new stake in shares of Howard Hughes in the 3rd quarter valued at about $48,000. Baystate Wealth Management LLC purchased a new stake in shares of Howard Hughes in the 4th quarter valued at about $68,000. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Howard Hughes in the 3rd quarter valued at about $73,000. Institutional investors own 93.83% of the company’s stock.

Insider Activity at Howard Hughes

In other news, insider Heath Melton sold 1,926 shares of Howard Hughes stock in a transaction on Friday, March 15th. The shares were sold at an average price of $72.95, for a total transaction of $140,501.70. Following the transaction, the insider now owns 9,274 shares in the company, valued at approximately $676,538.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 33.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price objective on Howard Hughes from $90.00 to $84.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 16th.

Howard Hughes Stock Down 0.8 %

Shares of HHH stock traded down $0.50 during mid-day trading on Thursday, hitting $63.75. The company’s stock had a trading volume of 313,503 shares, compared to its average volume of 308,783. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.60 and a current ratio of 1.60. Howard Hughes Holdings Inc. has a 52-week low of $59.00 and a 52-week high of $86.72. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of -5.70 and a beta of 1.48. The business has a 50-day moving average price of $71.13 and a 200 day moving average price of $74.64.

Howard Hughes (NYSE:HHH) last announced its earnings results on Tuesday, February 27th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.25. Howard Hughes had a negative return on equity of 0.62% and a negative net margin of 53.88%. The business had revenue of $335.84 million for the quarter, compared to analysts’ expectations of $318.32 million. Research analysts predict that Howard Hughes Holdings Inc. will post 2.69 EPS 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.