ArrowMark Colorado Holdings LLC Has $1.49 Million Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

ArrowMark Colorado Holdings LLC lessened its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 87.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,400 shares of the company's stock after selling 130,000 shares during the period. ArrowMark Colorado Holdings LLC's holdings in Howard Hughes were worth $1,492,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in HHH. Wilmington Savings Fund Society FSB acquired a new position in Howard Hughes in the 3rd quarter valued at $46,000. JPMorgan Chase & Co. grew its stake in Howard Hughes by 225.6% during the third quarter. JPMorgan Chase & Co. now owns 487,092 shares of the company's stock worth $37,716,000 after buying an additional 337,514 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in Howard Hughes in the 4th quarter valued at about $47,000. Atomi Financial Group Inc. bought a new stake in shares of Howard Hughes during the 4th quarter worth approximately $224,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of Howard Hughes by 6.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,963 shares of the company's stock worth $305,000 after acquiring an additional 250 shares in the last quarter. 93.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HHH. BMO Capital Markets dropped their price objective on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lowered their target price on Howard Hughes from $84.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday, April 29th.

Howard Hughes Trading Up 0.3 %

Shares of NYSE:HHH traded up $0.20 during midday trading on Wednesday, reaching $68.80. The company's stock had a trading volume of 876,916 shares, compared to its average volume of 325,075. The firm has a 50 day moving average price of $70.63 and a two-hundred day moving average price of $75.70. Howard Hughes Holdings Inc. has a fifty-two week low of $59.83 and a fifty-two week high of $87.77. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 45.56 and a beta of 1.21. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08.

Howard Hughes (NYSE:HHH - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The company's revenue for the quarter was up 27.3% compared to the same quarter last year. As a group, analysts forecast that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current 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.