ArrowMark Colorado Holdings LLC cut its stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 9.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,400 shares of the company's stock after selling 16,500 shares during the period. ArrowMark Colorado Holdings LLC owned about 0.30% of Howard Hughes worth $11,568,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Donald Smith & CO. Inc. increased its position in Howard Hughes by 27.5% in the 2nd quarter. Donald Smith & CO. Inc. now owns 1,652,046 shares of the company's stock valued at $107,086,000 after acquiring an additional 356,025 shares in the last quarter. Victory Capital Management Inc. raised its position in Howard Hughes by 50.0% in the 2nd quarter. Victory Capital Management Inc. now owns 312,181 shares of the company's stock worth $20,236,000 after purchasing an additional 103,995 shares during the last quarter. Impax Asset Management Group plc bought a new position in Howard Hughes in the 3rd quarter valued at $7,743,000. Empyrean Capital Partners LP acquired a new stake in shares of Howard Hughes in the 2nd quarter valued at $4,862,000. Finally, Annandale Capital LLC bought a new stake in shares of Howard Hughes during the second quarter worth $3,241,000. Institutional investors and hedge funds own 93.83% of the company's stock.
Howard Hughes Trading Up 0.5 %
Howard Hughes stock traded up $0.44 during mid-day trading on Tuesday, hitting $86.10. The stock had a trading volume of 74,242 shares, compared to its average volume of 281,988. The stock has a 50-day simple moving average of $79.18 and a two-hundred day simple moving average of $72.89. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $4.32 billion, a PE ratio of 56.75 and a beta of 1.48. Howard Hughes Holdings Inc. has a 12 month low of $59.00 and a 12 month high of $87.77.
Howard Hughes (NYSE:HHH - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.95 EPS for the quarter, topping the consensus estimate of $0.19 by $1.76. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The company had revenue of $327.15 million during the quarter, compared to analysts' expectations of $261.00 million. During the same quarter in the previous year, the company earned ($0.26) EPS. Howard Hughes's revenue was up 43.2% on a year-over-year basis. As a group, sell-side analysts forecast that Howard Hughes Holdings Inc. will post 3.28 EPS for the current year.
Howard Hughes Company Profile
(
Free Report)
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.
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