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

New South Capital Management Inc. trimmed its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 17.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 485,201 shares of the company's stock after selling 100,022 shares during the quarter. Howard Hughes comprises about 1.7% of New South Capital Management Inc.'s investment portfolio, making the stock its 24th largest 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.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC bought a new position in Howard Hughes during the 4th quarter worth $511,000. Handelsbanken Fonder AB increased its position in shares of Howard Hughes by 37.6% in the first quarter. Handelsbanken Fonder AB now owns 19,758 shares of the company's stock worth $1,464,000 after purchasing an additional 5,400 shares during the period. LDR Capital Management LLC increased its position in shares of 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 acquired a new position in Howard Hughes in the fourth quarter valued at about $497,000. Finally, Capital Fund Management S.A. bought a new stake in Howard Hughes during the fourth quarter worth about $1,625,000. Institutional investors and hedge funds own 93.83% of the company's stock.

Howard Hughes Stock Performance

NYSE HHH traded up $0.40 during trading on Friday, hitting $69.39. 227,633 shares of the company's stock traded hands, compared to its average volume of 374,791. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 13.32 and a beta of 1.21. Howard Hughes Holdings Inc. has a 12-month low of $59.83 and a 12-month high of $87.77. The business has a 50 day moving average of $68.79 and a 200-day moving average of $72.00.

Howard Hughes (NYSE:HHH - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.08. Howard Hughes had a net margin of 14.27% and a return on equity of 10.21%. The company had revenue of $199.33 million for the quarter, compared to analysts' expectations of $187.43 million. The firm's revenue was up 27.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HHH. JPMorgan Chase & Co. cut Howard Hughes from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $82.00 to $76.00 in a research note on Monday, June 23rd. Piper Sandler cut their target price on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Finally, BMO Capital Markets lowered their target price 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.

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.