Vanguard Group Inc. cut its stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,437,624 shares of the company's stock after selling 6,753 shares during the quarter. Vanguard Group Inc. owned approximately 8.85% of Howard Hughes worth $341,342,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of HHH. Brighton Jones LLC bought a new position in Howard Hughes during the fourth quarter worth about $511,000. KBC Group NV raised its position in shares of Howard Hughes by 40.1% in the 4th quarter. KBC Group NV now owns 1,572 shares of the company's stock valued at $121,000 after buying an additional 450 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Howard Hughes by 225.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 487,092 shares of the company's stock worth $37,716,000 after acquiring an additional 337,514 shares during the period. Rule One Partners LLC bought a new stake in Howard Hughes during the third quarter worth $12,544,000. Finally, FMR LLC boosted its holdings in shares of Howard Hughes by 46.9% in the 3rd quarter. FMR LLC now owns 5,985 shares of the company's stock valued at $463,000 after purchasing an additional 1,910 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.
Howard Hughes Price Performance
NYSE:HHH traded down $1.34 during trading hours on Tuesday, hitting $63.44. The company's stock had a trading volume of 454,505 shares, compared to its average volume of 327,156. 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 company has a market capitalization of $3.20 billion, a P/E ratio of 42.01 and a beta of 1.14. Howard Hughes Holdings Inc. has a twelve month low of $59.00 and a twelve month high of $87.77. The stock has a fifty day simple moving average of $74.37 and a 200-day simple moving average of $77.16.
Howard Hughes (NYSE:HHH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.40. The company had revenue of $983.59 million for the quarter, compared to the consensus estimate of $949.18 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. On average, analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal year.
About Howard Hughes
(
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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