Rangeley Capital LLC Invests $843,000 in Howard Hughes Holdings Inc. (NYSE:HHH)

Rangeley Capital LLC bought a new stake in Howard Hughes Holdings Inc. (NYSE:HHH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,963 shares of the company’s stock, valued at approximately $843,000.

Several other large investors have also recently added to or reduced their stakes in HHH. Egerton Capital UK LLP purchased a new position in shares of Howard Hughes in the 4th quarter worth $34,150,000. Norges Bank acquired a new stake in Howard Hughes during the 4th quarter worth approximately $29,287,000. JPMorgan Chase & Co. increased its position in Howard Hughes by 225.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 487,092 shares of the company’s stock worth $37,716,000 after purchasing an additional 337,514 shares in the last quarter. River Road Asset Management LLC lifted its position in Howard Hughes by 235.9% during the fourth quarter. River Road Asset Management LLC now owns 312,566 shares of the company’s stock valued at $24,043,000 after buying an additional 219,514 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Howard Hughes by 50.3% during the fourth quarter. American Century Companies Inc. now owns 624,769 shares of the company’s stock worth $48,057,000 after buying an additional 209,217 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Howard Hughes Stock Up 1.3 %

Shares of NYSE HHH opened at $74.85 on Thursday. The company has a market cap of $3.77 billion, a P/E ratio of 49.57 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. Howard Hughes Holdings Inc. has a 12-month low of $59.00 and a 12-month high of $87.77. The stock has a fifty day moving average price of $75.36 and a 200 day moving average price of $77.52.

Howard Hughes (NYSE:HHH) last announced its earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $949.18 million. Research analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal year.

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.