ETFs Bought $43.0 Million of Howard Hughes (HHH) on Oct. 27
This article first appeared on GuruFocus.
Fourteen ETFs were buying Howard Hughes Holdings (HHH) versus two selling on Tuesday, Oct. 27, for a net $43.0 million in ETF buying. ETF activity extended a five-day run in the same direction, following net inflows of $2.2 million on Oct. 21, $0.3 million on Oct. 22, $0.1 million on Oct. 23 and $0.0 million on Oct. 26. Forty-five ETFs held the stock unchanged.
See which funds are buying and selling on GuruFocus ETF Trends, or find and compare funds with the ETF Screener.
Every ETF and guru trade in HHH is tracked on the HHH guru trades page.
Which ETFs bought HHH on Tuesday?
The largest buyers by dollar value were SPSM ($20.5 million), IJS ($14.5 million) and IJT ($4.5 million). In all, 14 ETFs added shares and 2 cut them.
SPSM led the move with a $20.5 million value change on 280,500 shares, followed by IJS at $14.5 million on 198,519 shares and IJT at $4.5 million on 61,210 shares. SLYG added $2.8 million and SPTM $0.4 million, while AVUV, ESML and DFAC made smaller changes. Howard Hughes sits in the Real Estate sector and the Real Estate – Development industry, with a market cap of $4.4 billion.
Have ETFs been buying or selling HHH lately?
Over the last 5 reported days, ETFs were net buyers on 4 and net sellers on 0, so the recent trend is mostly buying.
What does HHH do?
Howard Hughes Holdings Inc. is a real estate development company that owns and operates large-scale, mixed-use communities across the United States. It operates through segments including Operating Assets, Master Planned Communities (MPCs), and Strategic Developments.
Howard Hughes reported trailing-12-month revenue of $2.33 billion, up 12.9% over one year, with a gross margin of 26.0% and a net margin of 12.5%. The stock trades at a P/E of 14.92, P/B of 1.11 and P/S of 1.87, against a market cap of $4.4 billion. Its GF Score is 86 and GF Value is $104.97 versus a price of $73.67, and it has a year-to-date return of -7.65%.