JPMorgan Chase & Co. lowered its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 48.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 248,955 shares of the company's stock after selling 238,137 shares during the period. JPMorgan Chase & Co. owned approximately 0.50% of Howard Hughes worth $19,150,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp purchased a new stake in shares of Howard Hughes during the fourth quarter worth $40,000. Wilmington Savings Fund Society FSB purchased 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 fourth quarter worth about $47,000. KBC Group NV lifted its stake in Howard Hughes by 40.1% in the fourth quarter. KBC Group NV now owns 1,572 shares of the company's stock valued at $121,000 after buying an additional 450 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Howard Hughes by 30.7% in the fourth quarter. US Bancorp DE now owns 1,783 shares of the company's stock valued at $137,000 after acquiring an additional 419 shares during the period. Hedge funds and other institutional investors own 93.83% of the company's stock.
Howard Hughes Stock Performance
Shares of Howard Hughes stock traded down $0.27 during trading on Tuesday, reaching $65.76. The company's stock had a trading volume of 39,947 shares, compared to its average volume of 435,208. The company has a 50-day moving average price of $73.37 and a two-hundred day moving average price of $76.77. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $87.77. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98. The firm has a market cap of $3.31 billion, a PE ratio of 43.55 and a beta of 1.14.
Howard Hughes (NYSE:HHH - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $3.25 EPS for the quarter, topping analysts' consensus estimates of $2.85 by $0.40. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The company had revenue of $983.59 million during the quarter, compared to the consensus estimate of $949.18 million. On average, analysts forecast that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.
Howard Hughes 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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