Noted investor Bill Ackman (Trades, Portfolio) has recently increased his stake in Howard Hughes Holdings Inc (HHH, Financial), a leading real estate company in the USA. This article will delve into the details of this transaction, provide an overview of both Ackman and Howard Hughes Holdings Inc, and analyze the potential impact of this move on the stock and Ackman's portfolio.
Details of the Transaction
On October 24, 2023, Bill Ackman (Trades, Portfolio) added 132,320 shares of Howard Hughes Holdings Inc to his portfolio at a trade price of $67.11 per share. This move increased his total holdings in the company to 17,470,166 shares, representing a 0.76% change in shares. The transaction had a 0.08% impact on Ackman's portfolio and increased his position in the company to 10.83%. Ackman now holds 34.87% of Howard Hughes Holdings Inc's total shares.
Profile of Bill Ackman (Trades, Portfolio)
Bill Ackman (Trades, Portfolio) is the co-investment manager for hedge-fund group Gotham Partners LP and the founder of Pershing Square, which he formed in November 2003 with $54 million raised from three investors. Ackman is an activist investor who buys the common stocks of public companies and pushes for changes to realize their values. He buys stocks trading at a discount and sells when the companies reach their appraised value. His firm currently holds eight stocks with an equity of $10.82 billion, primarily in the Consumer Cyclical and Communication Services sectors. His top holdings include Chipotle Mexican Grill Inc (CMG, Financial), Howard Hughes Holdings Inc (HHH, Financial), Hilton Worldwide Holdings Inc (HLT, Financial), Lowe's Companies Inc (LOW, Financial), and Restaurant Brands International Inc (QSR, Financial).
Overview of Howard Hughes Holdings Inc
Howard Hughes Holdings Inc is a prominent real estate company that owns, manages, and develops commercial, residential, and mixed-use real estate throughout the USA. The company's portfolio is strategically positioned to meet and accelerate development based on market demand, making it one of the strongest real estate platforms in the country. The company operates through several segments, including Master Planned Communities (MPC), Operating Assets, Seaport, Strategic Developments, and Corporate revenues. As of October 25, 2023, the company has a market capitalization of $3.37 billion and a stock price of $67.31. The company's PE percentage stands at 27.93, indicating a modestly undervalued GF valuation of 0.86 relative to its GF Value of 77.89.
Analysis of Howard Hughes Holdings Inc's Stock
Howard Hughes Holdings Inc's stock has a GF Score of 75/100, indicating a good future performance potential. The company's Financial Strength is ranked 3/10, while its Profitability Rank is 6/10. The company's Growth Rank is 5/10, its GF Value Rank is 6/10, and its Momentum Rank is 10/10. The company's Piotroski F-Score is 5, and its Altman Z score is 0.74, indicating a low risk of bankruptcy. The company's interest coverage is 2.19, and its cash to debt ratio is 0.08.
Other Gurus' Involvement in Howard Hughes Holdings Inc
Bill Ackman (Trades, Portfolio)'s Pershing Square Capital Management, L.P. is the largest guru holder of Howard Hughes Holdings Inc. Other gurus who also hold the traded stock include Barrow, Hanley, Mewhinney & Strauss, Donald Smith & Co, and Joel Greenblatt (Trades, Portfolio).
In conclusion, Bill Ackman (Trades, Portfolio)'s recent acquisition of Howard Hughes Holdings Inc shares could potentially boost the stock's performance and enhance his portfolio's value. However, investors should conduct their own research and consider the company's financial health and market conditions before making investment decisions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
