Twinbeech Capital LP Sells 12,241 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Twinbeech Capital LP lowered its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 62.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,441 shares of the company's stock after selling 12,241 shares during the period. Twinbeech Capital LP's holdings in Howard Hughes were worth $572,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of HHH. Egerton Capital UK LLP bought a new position in Howard Hughes in the 4th quarter valued at about $34,150,000. Norges Bank bought a new position in Howard Hughes in the 4th quarter valued at about $29,287,000. T. Rowe Price Investment Management Inc. grew its position in 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 buying an additional 269,402 shares in the last quarter. River Road Asset Management LLC grew its position in Howard Hughes by 235.9% in the 4th quarter. River Road Asset Management LLC now owns 312,566 shares of the company's stock valued at $24,043,000 after buying an additional 219,514 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Howard Hughes by 50.3% in the 4th quarter. American Century Companies Inc. now owns 624,769 shares of the company's stock valued at $48,057,000 after buying an additional 209,217 shares in the last quarter. Institutional investors own 93.83% of the company's stock.

Howard Hughes Stock Performance

Shares of HHH traded down $0.17 during mid-day trading on Wednesday, hitting $68.05. The company's stock had a trading volume of 128,494 shares, compared to its average volume of 348,754. Howard Hughes Holdings Inc. has a one year low of $59.83 and a one year high of $87.77. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $3.43 billion, a PE ratio of 45.09 and a beta of 1.21. The stock's 50-day moving average is $69.00 and its two-hundred day moving average is $74.83.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HHH shares. BMO Capital Markets cut their price target on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Piper Sandler cut their price target on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of Howard Hughes from $84.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday, April 29th.

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.