Renaissance Technologies LLC Sells 67,300 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Renaissance Technologies LLC reduced its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 65.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,200 shares of the company's stock after selling 67,300 shares during the quarter. Renaissance Technologies LLC owned 0.07% of Howard Hughes worth $2,346,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Treasurer of the State of North Carolina boosted its stake in Howard Hughes by 0.9% during the 4th quarter. Treasurer of the State of North Carolina now owns 14,926 shares of the company's stock valued at $1,277,000 after purchasing an additional 140 shares during the last quarter. Arizona State Retirement System grew its holdings in Howard Hughes by 2.2% during the second quarter. Arizona State Retirement System now owns 9,143 shares of the company's stock worth $593,000 after buying an additional 197 shares in the last quarter. LDR Capital Management LLC raised its position in Howard Hughes by 1.9% in the 1st quarter. LDR Capital Management LLC now owns 17,491 shares of the company's stock valued at $1,270,000 after buying an additional 321 shares during the last quarter. Beech Hill Advisors Inc. raised its position in Howard Hughes by 5.6% in the 1st quarter. Beech Hill Advisors Inc. now owns 6,650 shares of the company's stock valued at $483,000 after buying an additional 350 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in Howard Hughes during the 1st quarter valued at $26,000. Institutional investors and hedge funds own 93.83% of the company's stock.

Howard Hughes Stock Performance

Shares of HHH stock traded down $0.27 during trading on Wednesday, hitting $77.06. The company's stock had a trading volume of 116,633 shares, compared to its average volume of 298,536. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.82. The company has a market cap of $3.87 billion, a PE ratio of -6.59 and a beta of 1.45. The business has a fifty day moving average of $72.99 and a 200-day moving average of $69.02. Howard Hughes Holdings Inc. has a 52 week low of $59.00 and a 52 week high of $86.72.

Howard Hughes (NYSE:HHH - Get Free Report) last announced its earnings results on Friday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.14. The firm had revenue of $317.40 million during the quarter, compared to analyst estimates of $239.73 million. Howard Hughes had a negative return on equity of 0.33% and a negative net margin of 49.52%. The business's revenue was up 42.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.39) EPS. As a group, research analysts anticipate that Howard Hughes Holdings Inc. will post 3.05 earnings per share for the current year.

Analyst Ratings Changes

Separately, Jefferies Financial Group lowered their target price on shares of Howard Hughes from $89.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, June 4th.

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.