Howard Hughes Holdings Inc. (NYSE:HHH) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 38.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 198,848 shares of the company's stock after selling 121,978 shares during the period. Bank of America Corp DE owned about 0.40% of Howard Hughes worth $15,295,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. boosted its position in Howard Hughes by 0.3% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 53,135 shares of the company's stock valued at $4,114,000 after buying an additional 144 shares during the period. Wells Fargo & Company MN increased its holdings in Howard Hughes by 1.6% during the 4th quarter. Wells Fargo & Company MN now owns 10,707 shares of the company's stock worth $824,000 after purchasing an additional 173 shares during the period. Stifel Financial Corp increased its holdings in Howard Hughes by 4.2% during the 4th quarter. Stifel Financial Corp now owns 5,743 shares of the company's stock worth $442,000 after purchasing an additional 234 shares during the period. Janney Montgomery Scott LLC raised its position in Howard Hughes by 6.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,963 shares of the company's stock valued at $305,000 after purchasing an additional 250 shares in the last quarter. Finally, Boyar Asset Management Inc. lifted its holdings in shares of Howard Hughes by 2.8% in the 4th quarter. Boyar Asset Management Inc. now owns 10,769 shares of the company's stock worth $828,000 after buying an additional 296 shares during the period. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Stock Up 2.4%

Shares of HHH traded up $1.57 during trading hours on Tuesday, hitting $68.21. The company had a trading volume of 771,503 shares, compared to its average volume of 349,594. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $3.44 billion, a PE ratio of 45.17 and a beta of 1.21. Howard Hughes Holdings Inc. has a one year low of $59.83 and a one year high of $87.77. The company's fifty day moving average price is $69.00 and its two-hundred day moving average price is $74.83.

Howard Hughes (NYSE:HHH - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. The business had revenue of $199.33 million during the quarter, compared to the consensus estimate of $187.43 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The firm's quarterly revenue was up 27.3% compared to the same quarter last year. As a group, equities analysts forecast that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HHH has been the subject of several recent research reports. BMO Capital Markets decreased their price objective on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. JPMorgan Chase & Co. cut their target price on shares of Howard Hughes from $84.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th. Finally, Piper Sandler lowered their price target on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday.

Howard Hughes Company 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.