Geode Capital Management LLC Cuts Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

Geode Capital Management LLC cut its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 548,817 shares of the company's stock after selling 14,174 shares during the quarter. Geode Capital Management LLC owned approximately 1.09% of Howard Hughes worth $42,506,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Truvestments Capital LLC bought a new stake in shares of Howard Hughes during the 3rd quarter valued at $83,000. KBC Group NV increased its position in shares of Howard Hughes by 34.4% during the third quarter. KBC Group NV now owns 1,122 shares of the company's stock valued at $87,000 after buying an additional 287 shares during the period. Headlands Technologies LLC lifted its holdings in shares of Howard Hughes by 897.0% in the second quarter. Headlands Technologies LLC now owns 1,336 shares of the company's stock worth $87,000 after buying an additional 1,202 shares in the last quarter. US Bancorp DE boosted its position in shares of Howard Hughes by 16.2% in the third quarter. US Bancorp DE now owns 1,364 shares of the company's stock valued at $106,000 after acquiring an additional 190 shares during the period. Finally, CWM LLC grew its stake in Howard Hughes by 912.7% during the third quarter. CWM LLC now owns 1,671 shares of the company's stock valued at $129,000 after acquiring an additional 1,506 shares in the last quarter. Institutional investors own 93.83% of the company's stock.

Howard Hughes Price Performance

Howard Hughes stock traded up $0.43 during midday trading on Tuesday, reaching $76.83. 43,854 shares of the stock were exchanged, compared to its average volume of 280,872. The company's fifty day moving average is $80.69 and its 200-day moving average is $74.53. 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 Holdings Inc. has a 52 week low of $59.00 and a 52 week high of $87.77. The firm has a market cap of $3.85 billion, a PE ratio of 50.88 and a beta of 1.48.

Howard Hughes (NYSE:HHH - Get Free Report) last issued its quarterly earnings data 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. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The company had revenue of $327.15 million for the quarter, compared to the consensus estimate of $261.00 million. During the same quarter last year, the business posted ($0.26) earnings per share. The firm's revenue was up 43.2% compared to the same quarter last year. On average, sell-side analysts forecast that Howard Hughes Holdings Inc. will post 3.28 EPS for the current year.

Howard Hughes Profile

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.