Howard Hughes Holdings Inc. (NYSE:HHH) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC cut its stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 11.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,093 shares of the company's stock after selling 3,784 shares during the period. Sequoia Financial Advisors LLC owned approximately 0.06% of Howard Hughes worth $2,229,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in Howard Hughes during the fourth quarter worth about $511,000. Handelsbanken Fonder AB grew its position in shares of Howard Hughes by 37.6% in the first 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 increased its stake in shares of Howard Hughes by 25.2% during the 1st quarter. LDR Capital Management LLC now owns 31,321 shares of the company's stock worth $2,320,000 after purchasing an additional 6,306 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Howard Hughes during the 4th quarter worth approximately $497,000. Finally, Capital Fund Management S.A. acquired a new position in shares of Howard Hughes during the 4th quarter worth approximately $1,625,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Trading Up 0.4%

Shares of HHH traded up $0.26 during mid-day trading on Wednesday, reaching $68.49. The company had a trading volume of 190,312 shares, compared to its average volume of 372,195. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 13.16 and a beta of 1.21. 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 firm has a fifty day simple moving average of $68.69 and a 200-day simple moving average of $72.21. Howard Hughes Holdings Inc. has a fifty-two week low of $59.83 and a fifty-two week high of $87.77.

Howard Hughes (NYSE:HHH - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $187.43 million. Howard Hughes's revenue for the quarter was up 27.3% on a year-over-year basis. On average, sell-side analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HHH shares. Piper Sandler reduced their target price on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. BMO Capital Markets cut 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 report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lowered shares of Howard Hughes from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $82.00 to $76.00 in a research report on Monday, June 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.