Motley Fool Wealth Management LLC lowered its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,722 shares of the company's stock after selling 7,473 shares during the quarter. Motley Fool Wealth Management LLC owned approximately 0.39% of Howard Hughes worth $15,232,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Donald Smith & CO. Inc. lifted its stake in 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 purchasing an additional 356,025 shares during the last quarter. New South Capital Management Inc. lifted its stake 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 worth $39,494,000 after purchasing an additional 2,698 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Howard Hughes by 22.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 456,083 shares of the company's stock worth $35,315,000 after purchasing an additional 82,746 shares during 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. Finally, Victory Capital Management Inc. lifted 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 last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.
Howard Hughes Stock Performance
HHH traded down $0.44 during trading hours on Wednesday, hitting $85.74. 95,103 shares of the stock were exchanged, compared to its average volume of 281,644. 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 stock has a market cap of $4.30 billion, a price-to-earnings ratio of 57.11 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 stock has a 50-day simple moving average of $79.35 and a 200-day simple moving average of $73.02.
Howard Hughes (NYSE:HHH - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $1.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $1.76. The company had revenue of $327.15 million for the quarter, compared to analysts' expectations of $261.00 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The firm's quarterly revenue was up 43.2% compared to the same quarter last year. During the same period last year, the business posted ($0.26) earnings per share. Analysts anticipate that Howard Hughes Holdings Inc. will post 3.28 earnings per share for the current 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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