Principal Financial Group Inc. Decreases Stake in Howard Hughes Holdings Inc. (NYSE:HHH)

Principal Financial Group Inc. cut its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 99.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,149 shares of the company's stock after selling 1,130,243 shares during the quarter. Principal Financial Group Inc.'s holdings in Howard Hughes were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HHH. Donald Smith & CO. Inc. boosted its position in shares of Howard Hughes by 27.5% during the second quarter. Donald Smith & CO. Inc. now owns 1,652,046 shares of the company's stock worth $107,086,000 after buying an additional 356,025 shares during the period. State Street Corp lifted its stake in Howard Hughes by 3.2% during the 3rd quarter. State Street Corp now owns 605,785 shares of the company's stock worth $46,906,000 after acquiring an additional 19,045 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Howard Hughes by 22.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 456,083 shares of the company's stock valued at $35,315,000 after acquiring an additional 82,746 shares during the period. Clearbridge Investments LLC grew its position in Howard Hughes by 4.3% in the 2nd quarter. Clearbridge Investments LLC now owns 340,194 shares of the company's stock valued at $22,051,000 after acquiring an additional 13,880 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Howard Hughes by 0.5% during the third quarter. Victory Capital Management Inc. now owns 313,656 shares of the company's stock worth $24,286,000 after purchasing an additional 1,475 shares during the period. 93.83% of the stock is owned by institutional investors and hedge funds.

Howard Hughes Stock Down 1.6 %

Shares of NYSE HHH traded down $1.18 during midday trading on Tuesday, hitting $74.16. The company's stock had a trading volume of 201,755 shares, compared to its average volume of 202,039. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 49.11 and a beta of 1.48. The business's fifty day simple moving average is $80.66 and its two-hundred day simple moving average is $75.30. Howard Hughes Holdings Inc. has a 1 year low of $59.00 and a 1 year 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, beating 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 last year, the company posted ($0.26) EPS. The firm's revenue was up 43.2% compared to the same quarter last year. On average, equities analysts predict that Howard Hughes Holdings Inc. will post 3.28 EPS for the current 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.