Millennium Management LLC Sells 16,329 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Millennium Management LLC decreased its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 70.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,721 shares of the company's stock after selling 16,329 shares during the quarter. Millennium Management LLC's holdings in Howard Hughes were worth $517,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new position in shares of Howard Hughes during the 4th quarter worth $40,000. Huntington National Bank raised its stake in shares of Howard Hughes by 335.5% during 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 last quarter. US Bancorp DE raised its position in shares of Howard Hughes by 30.7% in the fourth 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. PNC Financial Services Group Inc. grew its stake in Howard Hughes by 759.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,725 shares of the company's stock valued at $210,000 after acquiring an additional 2,408 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in Howard Hughes by 12.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,001 shares of the company's stock valued at $231,000 after buying an additional 329 shares in the last quarter. Institutional investors own 93.83% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on HHH shares. Piper Sandler decreased their price target on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. BMO Capital Markets reduced their price objective on 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, JPMorgan Chase & Co. cut their price objective on shares of Howard Hughes from $84.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, April 29th.

Howard Hughes Stock Performance

NYSE HHH traded up $0.61 on Thursday, hitting $70.75. The stock had a trading volume of 359,274 shares, compared to its average volume of 357,925. The company's 50-day moving average is $67.84 and its two-hundred day moving average is $73.91. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 46.85 and a beta of 1.23. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. Howard Hughes Holdings Inc. has a one year low of $59.83 and a one year 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 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. The firm had revenue of $199.33 million for the quarter, compared to analyst estimates of $187.43 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The company's quarterly revenue was up 27.3% on a year-over-year basis. On average, analysts expect that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.

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.