Howard Hughes Holdings Inc. (NYSE:HHH) Shares Sold by Millennium Management LLC

Millennium Management LLC trimmed its position in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 70.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,721 shares of the company's stock after selling 16,329 shares during the period. Millennium Management LLC's holdings in Howard Hughes were worth $517,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Howard Hughes by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,485,447 shares of the company's stock worth $191,180,000 after purchasing an additional 24,360 shares during the period. Donald Smith & CO. Inc. raised its position in Howard Hughes by 0.6% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,661,280 shares of the company's stock worth $127,786,000 after buying an additional 9,093 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Howard Hughes by 48.2% during 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 boosted its holdings 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 last quarter. Finally, American Century Companies Inc. increased its stake in shares of Howard Hughes by 50.3% in the fourth quarter. American Century Companies Inc. now owns 624,769 shares of the company's stock worth $48,057,000 after acquiring an additional 209,217 shares during the period. 93.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HHH shares. Piper Sandler lowered their price target 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 dropped their target price 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. decreased their price target on 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 Stock Performance

NYSE HHH traded up $0.92 during mid-day trading on Tuesday, reaching $70.09. 37,305 shares of the stock were exchanged, compared to its average volume of 354,698. The company has a market capitalization of $3.53 billion, a P/E ratio of 46.42 and a beta of 1.23. 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 business's 50 day moving average is $67.78 and its 200-day moving average is $73.96. 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 quarterly earnings data on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, topping 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 business had revenue of $199.33 million during the quarter, compared to the consensus estimate of $187.43 million. The company's revenue for the quarter was up 27.3% on a year-over-year basis. On average, equities research analysts forecast that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal year.

About Howard Hughes

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.