Russell Investments Group Ltd. lowered its stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 342,155 shares of the company's stock after selling 21,422 shares during the quarter. Russell Investments Group Ltd. owned about 0.68% of Howard Hughes worth $26,319,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. Jones Financial Companies Lllp acquired a new stake in Howard Hughes in the fourth quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB purchased a new stake in Howard Hughes during the 3rd quarter worth $46,000. Sugar Maple Asset Management LLC acquired a new position in Howard Hughes in the 4th quarter worth $47,000. Huntington National Bank lifted its holdings in Howard Hughes by 335.5% in the 4th quarter. Huntington National Bank now owns 932 shares of the company's stock worth $72,000 after buying an additional 718 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Howard Hughes by 40.1% during the fourth quarter. KBC Group NV now owns 1,572 shares of the company's stock valued at $121,000 after acquiring an additional 450 shares in the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.
Howard Hughes Stock Up 2.2 %
Shares of NYSE HHH traded up $1.45 during midday trading on Monday, reaching $66.67. 36,570 shares of the company's stock were exchanged, compared to its average volume of 322,595. The stock has a market capitalization of $3.36 billion, a PE ratio of 44.15 and a beta of 1.14. Howard Hughes Holdings Inc. has a 52-week low of $59.00 and a 52-week high of $87.77. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08. The business's fifty day moving average price is $73.57 and its two-hundred day moving average price is $76.86.
Howard Hughes (NYSE:HHH - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.85 by $0.40. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The company had revenue of $983.59 million for the quarter, compared to analyst estimates of $949.18 million. Analysts forecast that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.
Howard Hughes Company Profile
(
Free Report)
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.
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