Howard Hughes Holdings Inc. (NYSE:HHH) is Northern Right Capital Management L.P.'s 9th Largest Position

Northern Right Capital Management L.P. trimmed its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 28.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 163,564 shares of the company's stock after selling 65,000 shares during the quarter. Howard Hughes comprises about 4.6% of Northern Right Capital Management L.P.'s investment portfolio, making the stock its 9th largest holding. Northern Right Capital Management L.P. owned approximately 0.33% of Howard Hughes worth $12,581,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Stifel Financial Corp boosted its stake in Howard Hughes by 29.9% in the third quarter. Stifel Financial Corp now owns 5,509 shares of the company's stock valued at $427,000 after buying an additional 1,268 shares in the last quarter. Rule One Partners LLC bought a new stake in Howard Hughes during the 3rd quarter worth approximately $12,544,000. Boyar Asset Management Inc. lifted its position in shares of Howard Hughes by 64.8% in the 3rd quarter. Boyar Asset Management Inc. now owns 10,473 shares of the company's stock worth $811,000 after purchasing an additional 4,119 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Howard Hughes in the 3rd quarter worth approximately $257,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Howard Hughes in the 3rd quarter worth approximately $46,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Stock Down 0.6 %

HHH stock traded down $0.39 during midday trading on Tuesday, reaching $67.63. 327,016 shares of the company's stock traded hands, compared to its average volume of 313,156. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 44.79 and a beta of 1.14. The firm's fifty day moving average price is $71.47 and its 200-day moving average price is $76.09. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. Howard Hughes Holdings Inc. has a 52 week low of $59.83 and a 52 week high of $87.77.

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

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their target price on shares of Howard Hughes from $84.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday.

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.