New South Capital Management Inc. Sells 100,022 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

New South Capital Management Inc. lowered its position in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 17.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 485,201 shares of the company's stock after selling 100,022 shares during the period. Howard Hughes makes up approximately 1.7% of New South Capital Management Inc.'s investment portfolio, making the stock its 24th biggest holding. New South Capital Management Inc. owned approximately 0.96% of Howard Hughes worth $35,944,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Brighton Jones LLC purchased a new stake in shares of Howard Hughes in the fourth quarter worth approximately $511,000. Handelsbanken Fonder AB grew its position in Howard Hughes by 37.6% in the 1st quarter. Handelsbanken Fonder AB now owns 19,758 shares of the company's stock valued at $1,464,000 after acquiring an additional 5,400 shares during the last quarter. LDR Capital Management LLC increased its stake in Howard Hughes by 25.2% in the first 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 during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in Howard Hughes in the fourth quarter worth $497,000. Finally, Capital Fund Management S.A. bought a new stake in shares of Howard Hughes during the fourth quarter worth $1,625,000. Hedge funds and other institutional investors own 93.83% of the company's stock.

Howard Hughes Stock Up 0.6%

Shares of HHH stock traded up $0.40 during mid-day trading on Friday, hitting $69.39. The stock had a trading volume of 227,633 shares, compared to its average volume of 374,298. Howard Hughes Holdings Inc. has a 12-month low of $59.83 and a 12-month high of $87.77. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.41 and a quick ratio of 1.41. The firm's 50-day moving average is $68.77 and its two-hundred day moving average is $72.10. The firm has a market capitalization of $3.50 billion, a P/E ratio of 13.32 and a beta of 1.21.

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, topping analysts' consensus estimates of $0.13 by $0.08. The company had revenue of $199.33 million during the quarter, compared to analyst estimates of $187.43 million. Howard Hughes had a net margin of 14.27% and a return on equity of 10.21%. Howard Hughes's revenue for the quarter was up 27.3% on a year-over-year basis. On average, analysts predict that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HHH has been the topic of a number of research analyst reports. BMO Capital Markets cut their price target on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Piper Sandler dropped their target price 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, May 23rd. Finally, JPMorgan Chase & Co. lowered shares of Howard Hughes from an "overweight" rating to a "neutral" rating and reduced 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.