Graham Capital Management L.P. Sells 4,160 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Graham Capital Management L.P. reduced its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 11.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,746 shares of the company’s stock after selling 4,160 shares during the period. Graham Capital Management L.P. owned 0.06% of Howard Hughes worth $2,442,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HHH. Egerton Capital UK LLP acquired a new position in shares of Howard Hughes during the fourth quarter worth approximately $34,150,000. Norges Bank bought a new stake in Howard Hughes in the 4th quarter valued at $29,287,000. T. Rowe Price Investment Management Inc. grew its position in Howard Hughes by 48.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 828,317 shares of the company’s stock worth $63,715,000 after purchasing an additional 269,402 shares during the last quarter. River Road Asset Management LLC increased its holdings in shares of Howard Hughes by 235.9% during the 4th quarter. River Road Asset Management LLC now owns 312,566 shares of the company’s stock worth $24,043,000 after purchasing an additional 219,514 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Howard Hughes by 50.3% during the fourth quarter. American Century Companies Inc. now owns 624,769 shares of the company’s stock valued at $48,057,000 after buying an additional 209,217 shares during the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HHH. JPMorgan Chase & Co. lowered their price target on Howard Hughes from $84.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 29th. BMO Capital Markets lowered their price objective on Howard Hughes from $85.00 to $80.00 and set an “outperform” rating on the stock in a research report on Wednesday.

Howard Hughes Stock Up 2.4 %

Shares of HHH opened at $71.57 on Friday. Howard Hughes Holdings Inc. has a 12 month low of $59.83 and a 12 month high of $87.77. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 47.40 and a beta of 1.21. The company has a 50-day moving average price of $70.17 and a two-hundred day moving average price of $75.56. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The business had revenue of $199.33 million for the quarter, compared to analyst estimates of $187.43 million. The business’s quarterly revenue was up 27.3% on a year-over-year basis. Equities analysts predict that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal year.

About Howard Hughes

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.