Millennium Management LLC Cuts Stock Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

Millennium Management LLC lessened its holdings in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 19.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 219,711 shares of the company's stock after selling 53,280 shares during the period. Millennium Management LLC owned approximately 0.44% of Howard Hughes worth $14,242,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HHH. Pershing Square Capital Management L.P. grew its holdings in Howard Hughes by 12.2% during the fourth quarter. Pershing Square Capital Management L.P. now owns 18,852,064 shares of the company's stock valued at $1,612,794,000 after purchasing an additional 2,045,156 shares during the period. Donald Smith & CO. Inc. raised its stake in Howard Hughes by 27.5% in the 2nd quarter. Donald Smith & CO. Inc. now owns 1,652,046 shares of the company's stock valued at $107,086,000 after acquiring an additional 356,025 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Howard Hughes by 81.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 337,440 shares of the company's stock valued at $24,505,000 after purchasing an additional 151,341 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Howard Hughes by 50.0% in the second quarter. Victory Capital Management Inc. now owns 312,181 shares of the company's stock worth $20,236,000 after purchasing an additional 103,995 shares in the last quarter. Finally, Empyrean Capital Partners LP bought a new stake in shares of Howard Hughes in the second quarter valued at approximately $4,862,000. 93.83% of the stock is owned by institutional investors.

Howard Hughes Stock Performance

Howard Hughes stock traded down $1.13 during mid-day trading on Monday, reaching $75.38. The company's stock had a trading volume of 163,380 shares, compared to its average volume of 296,204. The firm's fifty day moving average price is $73.32 and its two-hundred day moving average price is $69.12. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.35 and a current ratio of 1.35. Howard Hughes Holdings Inc. has a 12-month low of $59.00 and a 12-month high of $86.72. The company has a market capitalization of $3.79 billion, a P/E ratio of -6.45 and a beta of 1.45.

Howard Hughes (NYSE:HHH - Get Free Report) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.14. Howard Hughes had a negative return on equity of 0.33% and a negative net margin of 49.52%. The business had revenue of $317.40 million for the quarter, compared to analysts' expectations of $239.73 million. During the same quarter in the prior year, the firm posted ($0.39) EPS. The firm's quarterly revenue was up 42.1% on a year-over-year basis. Sell-side analysts predict that Howard Hughes Holdings Inc. will post 3.05 EPS for the current fiscal 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.