Howard Hughes Holdings Inc. (NYSE:HHH) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its position in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 38.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,510 shares of the company's stock after selling 8,545 shares during the quarter. Truist Financial Corp's holdings in Howard Hughes were worth $876,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Donald Smith & CO. Inc. lifted its stake in shares of Howard Hughes by 27.5% in the second quarter. Donald Smith & CO. Inc. now owns 1,652,046 shares of the company's stock worth $107,086,000 after acquiring an additional 356,025 shares in the last quarter. New South Capital Management Inc. raised its stake in shares of Howard Hughes by 0.4% in the 2nd quarter. New South Capital Management Inc. now owns 609,289 shares of the company's stock valued at $39,494,000 after purchasing an additional 2,698 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Howard Hughes by 14.7% in the 1st quarter. Russell Investments Group Ltd. now owns 383,122 shares of the company's stock valued at $27,822,000 after purchasing an additional 49,103 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Howard Hughes by 81.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 337,440 shares of the company's stock worth $24,505,000 after purchasing an additional 151,341 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in Howard Hughes by 2.4% in the first quarter. Clearbridge Investments LLC now owns 326,314 shares of the company's stock worth $23,697,000 after purchasing an additional 7,500 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

Howard Hughes Stock Down 0.5 %

NYSE HHH traded down $0.36 on Tuesday, hitting $76.67. 231,465 shares of the stock traded hands, compared to its average volume of 291,512. 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 stock has a 50-day moving average of $74.16 and a 200 day moving average of $69.31. Howard Hughes Holdings Inc. has a twelve month low of $59.00 and a twelve month high of $86.72. The company has a market capitalization of $3.85 billion, a P/E ratio of -6.58 and a beta of 1.45.

Howard Hughes (NYSE:HHH - Get Free Report) last posted its quarterly 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. 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 analyst estimates of $239.73 million. During the same period in the prior year, the company posted ($0.39) EPS. The business's revenue was up 42.1% compared to the same quarter last year. As a group, analysts expect that Howard Hughes Holdings Inc. will post 3.28 earnings per share for the current fiscal year.

Howard Hughes Company 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.