Cwm LLC Sells 4,158 Shares of 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 lessened its stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 62.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,529 shares of the company's stock after selling 4,158 shares during the quarter. Cwm LLC's holdings in Howard Hughes were worth $187,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in shares of Howard Hughes by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,485,447 shares of the company's stock valued at $191,180,000 after acquiring an additional 24,360 shares during the period. Donald Smith & CO. Inc. raised its position in shares of Howard Hughes by 0.6% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,661,280 shares of the company's stock valued at $127,786,000 after acquiring an additional 9,093 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of 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 valued at $63,715,000 after acquiring an additional 269,402 shares during the period. Dendur Capital LP raised its position in shares of Howard Hughes by 22.7% in the 4th quarter. Dendur Capital LP now owns 813,200 shares of the company's stock valued at $62,551,000 after acquiring an additional 150,200 shares during the period. Finally, Norges Bank acquired a new stake in shares of Howard Hughes in the 4th quarter valued at approximately $29,287,000. Institutional investors own 93.83% of the company's stock.

Howard Hughes Stock Up 0.5%

Shares of Howard Hughes stock opened at $69.77 on Monday. Howard Hughes Holdings Inc. has a 1 year low of $59.83 and a 1 year high of $87.77. The business has a 50-day moving average of $68.83 and a two-hundred day moving average of $71.31. The company has a market capitalization of $3.52 billion, a P/E ratio of 13.39 and a beta of 1.21. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.41 and a quick ratio of 1.41.

Howard Hughes (NYSE:HHH - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. Howard Hughes had a return on equity of 10.21% and a net margin of 14.27%. The company had revenue of $199.33 million during the quarter, compared to the consensus estimate of $187.43 million. The firm's revenue for the quarter was up 27.3% compared to the same quarter last year. As a group, equities analysts predict that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. 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 research report on Monday, June 23rd. BMO Capital Markets lowered their price target on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Piper Sandler lowered their price target on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, May 23rd.

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.

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