Sycale Advisors NY LLC Decreases Stock Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Sycale Advisors NY LLC trimmed its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 11.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 137,426 shares of the company's stock after selling 17,510 shares during the quarter. Howard Hughes comprises 2.7% of Sycale Advisors NY LLC's investment portfolio, making the stock its 13th biggest holding. Sycale Advisors NY LLC owned 0.27% of Howard Hughes worth $10,571,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp purchased a new stake in shares of Howard Hughes during the fourth quarter worth approximately $40,000. Sugar Maple Asset Management LLC acquired a new position in Howard Hughes in the 4th quarter valued at $47,000. Huntington National Bank increased its stake in Howard Hughes by 335.5% in the 4th quarter. Huntington National Bank now owns 932 shares of the company's stock valued at $72,000 after buying an additional 718 shares during the period. KBC Group NV raised its position in Howard Hughes by 40.1% during the 4th quarter. KBC Group NV now owns 1,572 shares of the company's stock worth $121,000 after buying an additional 450 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Howard Hughes by 30.7% in the 4th quarter. US Bancorp DE now owns 1,783 shares of the company's stock worth $137,000 after acquiring an additional 419 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HHH shares. Piper Sandler dropped their price target on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday. BMO Capital Markets lowered their price objective on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. dropped their target price on Howard Hughes from $84.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th.

Howard Hughes Price Performance

Shares of NYSE:HHH traded down $0.78 on Friday, reaching $66.28. 250,275 shares of the company were exchanged, compared to its average volume of 345,890. The company has a 50-day moving average of $69.46 and a 200-day moving average of $75.21. 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 firm has a market cap of $3.34 billion, a price-to-earnings ratio of 43.89 and a beta of 1.21. Howard Hughes Holdings Inc. has a 1-year low of $59.83 and a 1-year high of $87.77.

Howard Hughes (NYSE:HHH - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 had revenue of $199.33 million during the quarter, compared to analysts' expectations of $187.43 million. Howard Hughes's revenue for the quarter was up 27.3% on a year-over-year basis. Equities analysts forecast that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

Howard Hughes 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.