Beach Investment Counsel Inc. PA Trims Stock Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Beach Investment Counsel Inc. PA reduced its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 9.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,372 shares of the company's stock after selling 10,886 shares during the quarter. Howard Hughes makes up 1.1% of Beach Investment Counsel Inc. PA's holdings, making the stock its 24th largest position. Beach Investment Counsel Inc. PA owned 0.21% of Howard Hughes worth $8,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in Howard Hughes in the fourth quarter valued at about $511,000. PEAK6 Investments LLC boosted its stake in shares of Howard Hughes by 201.8% in the third quarter. PEAK6 Investments LLC now owns 17,683 shares of the company's stock worth $1,369,000 after buying an additional 11,824 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 during the period. Rule One Partners LLC acquired a new position in shares of Howard Hughes in the third quarter worth about $12,544,000. Finally, FMR LLC raised its holdings in Howard Hughes by 46.9% in the 3rd quarter. FMR LLC now owns 5,985 shares of the company's stock worth $463,000 after purchasing an additional 1,910 shares during the period. Institutional investors own 93.83% of the company's stock.

Howard Hughes Price Performance

Howard Hughes stock traded down $0.19 during trading on Friday, reaching $76.68. The company had a trading volume of 100,634 shares, compared to its average volume of 352,137. The firm's 50-day simple moving average is $78.19 and its 200 day simple moving average is $76.56. Howard Hughes Holdings Inc. has a 1-year low of $59.00 and a 1-year high of $87.77. The firm has a market capitalization of $3.84 billion, a PE ratio of 50.78 and a beta of 1.48. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08.

Howard Hughes (NYSE:HHH - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $1.76. The firm had revenue of $327.15 million for the quarter, compared to analyst estimates of $261.00 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The business's revenue was up 43.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.26) earnings per share. As a group, equities research analysts anticipate that Howard Hughes Holdings Inc. will post 3.28 earnings per share for the current fiscal year.

About Howard Hughes

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.