Principal Financial Group Inc. Sells 1,130,243 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Principal Financial Group Inc. reduced its holdings in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 99.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,149 shares of the company's stock after selling 1,130,243 shares during the period. Principal Financial Group Inc.'s holdings in Howard Hughes were worth $321,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Donald Smith & CO. Inc. increased its stake in Howard Hughes by 27.5% in the second quarter. Donald Smith & CO. Inc. now owns 1,652,046 shares of the company's stock valued at $107,086,000 after purchasing an additional 356,025 shares in the last quarter. New South Capital Management Inc. increased its position 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 buying an additional 2,698 shares in the last quarter. Clearbridge Investments LLC raised its stake in Howard Hughes by 4.3% during the 2nd quarter. Clearbridge Investments LLC now owns 340,194 shares of the company's stock worth $22,051,000 after buying an additional 13,880 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 worth $24,505,000 after acquiring an additional 151,341 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Howard Hughes by 50.0% during the second quarter. Victory Capital Management Inc. now owns 312,181 shares of the company's stock worth $20,236,000 after acquiring an additional 103,995 shares in the last quarter. 93.83% of the stock is owned by institutional investors.

Howard Hughes Trading Up 2.7 %

Shares of Howard Hughes stock traded up $2.27 during trading hours on Monday, hitting $86.14. The company's stock had a trading volume of 289,736 shares, compared to its average volume of 284,940. The company has a market capitalization of $4.32 billion, a PE ratio of 57.05 and a beta of 1.46. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a 50 day moving average of $77.96 and a 200 day moving average of $72.08. Howard Hughes Holdings Inc. has a 12 month low of $59.00 and a 12 month high of $87.46.

Howard Hughes (NYSE:HHH - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $1.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $1.76. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The business had revenue of $327.15 million during the quarter, compared to analysts' expectations of $261.00 million. During the same period in the prior year, the business earned ($0.26) EPS. Howard Hughes's revenue for the quarter was up 43.2% compared to the same quarter last year. Analysts predict that Howard Hughes Holdings Inc. will post 3.28 earnings per share 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.