Verition Fund Management LLC Sells 13,586 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Verition Fund Management LLC lowered its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 50.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,606 shares of the company's stock after selling 13,586 shares during the quarter. Verition Fund Management LLC's holdings in Howard Hughes were worth $1,054,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Donald Smith & CO. Inc. increased its holdings 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 buying an additional 356,025 shares during the period. New South Capital Management Inc. raised its position in Howard Hughes by 0.4% during the second quarter. New South Capital Management Inc. now owns 609,289 shares of the company's stock valued at $39,494,000 after purchasing an additional 2,698 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Howard Hughes by 4.3% during the second quarter. Clearbridge Investments LLC now owns 340,194 shares of the company's stock worth $22,051,000 after purchasing an additional 13,880 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Howard Hughes by 0.5% in the 3rd quarter. Victory Capital Management Inc. now owns 313,656 shares of the company's stock valued at $24,286,000 after purchasing an additional 1,475 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Howard Hughes by 1.5% in the 2nd quarter. American Century Companies Inc. now owns 271,515 shares of the company's stock valued at $17,600,000 after purchasing an additional 3,930 shares during the last quarter. Institutional investors own 93.83% of the company's stock.

Howard Hughes Price Performance

Shares of HHH stock traded down $0.86 on Monday, hitting $84.20. 123,692 shares of the company's stock were exchanged, compared to its average volume of 281,264. The company has a 50 day moving average of $79.99 and a 200 day moving average of $73.55. The stock has a market cap of $4.22 billion, a P/E ratio of 55.76 and a beta of 1.48. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. 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 posted its earnings results on Monday, November 4th. The company reported $1.95 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $1.76. The firm had revenue of $327.15 million during the quarter, compared to analysts' expectations of $261.00 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The business's revenue for the quarter was up 43.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.26) earnings per share. On average, equities research analysts predict that Howard Hughes Holdings Inc. will post 3.28 EPS for the current year.

Howard Hughes Company 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.