Brandywine Global Investment Management LLC lowered its stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 576,263 shares of the company's stock after selling 57,369 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 1.15% of Howard Hughes worth $44,326,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new position in Howard Hughes in the 4th quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB bought a new position in shares of Howard Hughes in the 3rd quarter valued at $46,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Howard Hughes during the 4th quarter valued at $47,000. KBC Group NV boosted its holdings in shares of Howard Hughes by 40.1% during the 4th quarter. KBC Group NV now owns 1,572 shares of the company's stock valued at $121,000 after acquiring an additional 450 shares in the last quarter. Finally, US Bancorp DE grew its position in Howard Hughes by 30.7% during the 4th quarter. US Bancorp DE now owns 1,783 shares of the company's stock worth $137,000 after acquiring an additional 419 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.
Howard Hughes Trading Down 2.7 %
Shares of NYSE:HHH traded down $2.02 during mid-day trading on Thursday, reaching $72.79. 111,232 shares of the company's stock were exchanged, compared to its average volume of 329,631. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 48.21 and a beta of 1.48. Howard Hughes Holdings Inc. has a twelve month low of $59.00 and a twelve month high of $87.77. The business's fifty day moving average price is $75.36 and its 200-day moving average price is $77.52. 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 released its earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.40. The business had revenue of $983.59 million during the quarter, compared to the consensus estimate of $949.18 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. On average, research analysts predict that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal 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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