Cwm LLC Has $187,000 Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

Key Points

• Cwm LLC reduced its stake in Howard Hughes Holdings Inc. by 62.2% in Q1, selling 4,158 shares and holding 2,529 shares valued at $187,000.
• Several institutional investors, including T. Rowe Price and Dimensional Fund Advisors, increased their positions in Howard Hughes, with overall institutional ownership at 93.83%.
• Howard Hughes reported earnings of $0.21 per share for the last quarter, surpassing analysts' expectations and showing a 27.3% revenue increase year-over-year.

CWM LLC reduced its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 62.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,529 shares of the company's stock after selling 4,158 shares during the period. CWM LLC's holdings in Howard Hughes were worth $187,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC bought a new position in Howard Hughes during the 4th quarter valued at about $511,000. Handelsbanken Fonder AB lifted its holdings in Howard Hughes by 37.6% during the 1st quarter. Handelsbanken Fonder AB now owns 19,758 shares of the company's stock valued at $1,464,000 after purchasing an additional 5,400 shares during the last quarter. LDR Capital Management LLC lifted its holdings in Howard Hughes by 25.2% during the 1st quarter. LDR Capital Management LLC now owns 31,321 shares of the company's stock valued at $2,320,000 after purchasing an additional 6,306 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Howard Hughes during the 1st quarter valued at about $353,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Howard Hughes during the 4th quarter valued at about $497,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HHH shares. JPMorgan Chase & Co. downgraded shares of Howard Hughes from an "overweight" rating to a "neutral" rating and cut their price target for the company from $82.00 to $76.00 in a report on Monday, June 23rd. BMO Capital Markets dropped their target price 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, May 7th. Finally, Piper Sandler dropped their target price on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd.

Howard Hughes Trading Down 0.5%

Shares of HHH traded down $0.36 on Thursday, reaching $69.62. 63,303 shares of the company's stock were exchanged, compared to its average volume of 475,027. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $3.51 billion, a P/E ratio of 13.36 and a beta of 1.21. The business has a 50 day moving average price of $68.90 and a two-hundred day moving average price of $71.28. Howard Hughes Holdings Inc. has a 12 month low of $59.83 and a 12 month high of $87.77.

Howard Hughes (NYSE:HHH - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share 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 14.27% and a return on equity of 10.21%. The firm's revenue for the quarter was up 27.3% on a year-over-year basis. Research analysts anticipate 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.