Motley Fool Wealth Management LLC lowered its position in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 8.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,816 shares of the company's stock after selling 15,906 shares during the quarter. Motley Fool Wealth Management LLC owned 0.36% of Howard Hughes worth $13,921,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Howard Hughes during the fourth quarter worth about $511,000. PEAK6 Investments LLC lifted its stake in Howard Hughes by 201.8% during the third quarter. PEAK6 Investments LLC now owns 17,683 shares of the company's stock worth $1,369,000 after purchasing an additional 11,824 shares during the last quarter. KBC Group NV boosted its holdings in Howard Hughes by 40.1% in the fourth quarter. KBC Group NV now owns 1,572 shares of the company's stock worth $121,000 after purchasing an additional 450 shares during the period. JPMorgan Chase & Co. increased its stake in Howard Hughes by 225.6% during the third quarter. JPMorgan Chase & Co. now owns 487,092 shares of the company's stock valued at $37,716,000 after purchasing an additional 337,514 shares during the last quarter. Finally, Rule One Partners LLC bought a new position in shares of Howard Hughes in the 3rd quarter worth about $12,544,000. 93.83% of the stock is owned by hedge funds and other institutional investors.
Howard Hughes Stock Performance
Shares of NYSE:HHH traded down $1.07 during trading on Friday, reaching $74.41. 187,331 shares of the company's stock traded hands, compared to its average volume of 332,417. The stock has a market capitalization of $3.75 billion, a P/E ratio of 49.28 and a beta of 1.48. Howard Hughes Holdings Inc. has a 12 month low of $59.00 and a 12 month high of $87.77. The company has a 50 day moving average of $75.46 and a 200-day moving average of $77.52. 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 (NYSE:HHH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.85 by $0.40. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The company had revenue of $983.59 million during the quarter, compared to analyst estimates of $949.18 million. On average, equities analysts expect that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.
About Howard Hughes
(
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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