Professional
Added to YB: 2025-04-04
Pitch date: 2025-04-02
HHH [neutral]
Howard Hughes Holdings Inc.
+15.28%
current return
Author Info
LVS Advisory is a boutique investment firm focused on providing active investment management services for individuals, families, and institutions. Sign up for the newsletter.
Company Info
Howard Hughes Holdings Inc., together with its subsidiaries, develops and operates master planned communities (MPCs) in the United States.
Market Cap
$4.5B
Pitch Price
$73.36
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.64
P/E
15.02
EV/Sales
4.71
Sector
Real Estate Management and Development
Category
special_situation
LVS Advisory Sold Portfolio Holding: Howard Hughes Holdings Inc.
HHH (sold): Sold after Ackman's controversial takeover bid. Initial investment thesis: undervalued MPCs post-Seaport spin-off. Bought at $74.55, sold at $76.80. Ackman's offer: control board/management, 1.5% fee on market cap, no buyout premium. Risks: forced deal without shareholder vote, potential strategy shift beyond real estate.
Read full article (2 min)