New South Capital Management Inc. Trims Stock Position in Howard Hughes Holdings Inc. (NYSE:HHH)

New South Capital Management Inc. lowered its holdings in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 585,223 shares of the company's stock after selling 16,946 shares during the quarter. Howard Hughes comprises 1.9% of New South Capital Management Inc.'s investment portfolio, making the stock its 21st biggest holding. New South Capital Management Inc. owned about 1.17% of Howard Hughes worth $45,015,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HHH. Jones Financial Companies Lllp acquired a new position in Howard Hughes in the fourth quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Howard Hughes in the 3rd quarter valued at $46,000. Sugar Maple Asset Management LLC purchased a new position in shares of Howard Hughes in the 4th quarter valued at $47,000. Truvestments Capital LLC acquired a new stake in Howard Hughes during the 3rd quarter worth $83,000. Finally, KBC Group NV raised its stake in Howard Hughes by 34.4% during the 3rd quarter. KBC Group NV now owns 1,122 shares of the company's stock worth $87,000 after acquiring an additional 287 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

Howard Hughes Stock Performance

NYSE HHH traded up $0.07 during trading hours on Friday, hitting $74.92. The company had a trading volume of 349,872 shares, compared to its average volume of 527,174. The business has a 50 day moving average of $75.94 and a 200-day moving average of $77.47. The company has a market cap of $3.78 billion, a PE ratio of 49.62 and a beta of 1.48. Howard Hughes Holdings Inc. has a 1-year low of $59.00 and a 1-year high of $87.77. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08.

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Howard Hughes (NYSE:HHH - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.85 by $0.40. The firm had revenue of $983.59 million during the quarter, compared to analysts' expectations of $949.18 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. As a group, equities research analysts expect that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

Howard Hughes 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.