Horizon Kinetics Asset Management LLC cut its holdings in Howard Hughes Holdings Inc. (NYSE:HHH – Free Report) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 293,360 shares of the company’s stock after selling 12,888 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Howard Hughes were worth $23,401,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in HHH. Signaturefd LLC lifted its stake in Howard Hughes by 41.5% in the fourth quarter. Signaturefd LLC now owns 423 shares of the company’s stock worth $34,000 after purchasing an additional 124 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Howard Hughes by 191.5% in the second quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock worth $35,000 after purchasing an additional 339 shares during the last quarter. Huntington National Bank lifted its stake in Howard Hughes by 134.1% in the fourth quarter. Huntington National Bank now owns 494 shares of the company’s stock worth $39,000 after purchasing an additional 283 shares during the last quarter. Fifth Third Bancorp lifted its stake in Howard Hughes by 37.2% in the fourth quarter. Fifth Third Bancorp now owns 572 shares of the company’s stock worth $46,000 after purchasing an additional 155 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in Howard Hughes by 56.1% in the fourth quarter. Allworth Financial LP now owns 662 shares of the company’s stock worth $53,000 after purchasing an additional 238 shares during the last quarter. 93.83% of the stock is owned by institutional investors.
Analysts Set New Price Targets
HHH has been the subject of several recent research reports. Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research downgraded shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Finally, Weiss Ratings downgraded shares of Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Sell” and an average price target of $85.00.
Howard Hughes Stock Performance
Shares of NYSE:HHH opened at $67.69 on Wednesday. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 33.18 and a beta of 1.14. The company has a 50-day moving average price of $64.08 and a 200-day moving average price of $73.36. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.97. Howard Hughes Holdings Inc. has a 12 month low of $61.01 and a 12 month high of $91.07.
Howard Hughes (NYSE:HHH – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. The firm had revenue of $235.92 million during the quarter. Howard Hughes had a net margin of 8.04% and a return on equity of 5.41%. The business’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the company posted $0.21 earnings per share. As a group, equities analysts anticipate that Howard Hughes Holdings Inc. will post 3.01 EPS for the current year.
Insider Activity
In other news, insider James Carman sold 1,500 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $64.20, for a total transaction of $96,300.00. Following the completion of the transaction, the insider directly owned 22,096 shares of the company’s stock, valued at approximately $1,418,563.20. This represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Joseph Valane acquired 1,260 shares of the stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of $64.45 per share, with a total value of $81,207.00. Following the completion of the purchase, the general counsel owned 29,209 shares of the company’s stock, valued at approximately $1,882,520.05. The trade was a 4.51% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 48.00% of the company’s stock.
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. Its MPCs segment develops, sells, and leases residential and commercial land designated for long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona.
Featured Stories
- Five stocks we like better than Howard Hughes
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Want to see what other hedge funds are holding HHH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howard Hughes Holdings Inc. (NYSE:HHH – Free Report).
Receive News & Ratings for Howard Hughes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howard Hughes and related companies with MarketBeat.com's FREE daily email newsletter.
-ltd-logo-1200x675.png){kind=logo}
