Howard Hughes Holdings Inc. (NYSE:HHH) Shares Sold by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC reduced its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 59.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,146 shares of the company's stock after selling 4,585 shares during the quarter. SeaBridge Investment Advisors LLC's holdings in Howard Hughes were worth $233,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Victory Capital Management Inc. grew its stake in Howard Hughes by 2.0% during the first quarter. Victory Capital Management Inc. now owns 300,963 shares of the company's stock worth $22,295,000 after buying an additional 5,872 shares during the period. Larson Financial Group LLC lifted its position in shares of Howard Hughes by 2,290.9% during the first quarter. Larson Financial Group LLC now owns 526 shares of the company's stock worth $39,000 after purchasing an additional 504 shares in the last quarter. Whittier Trust Co. acquired a new position in shares of Howard Hughes during the first quarter worth $161,000. Poehling Capital Management INC. acquired a new position in shares of Howard Hughes during the first quarter worth $618,000. Finally, SBI Securities Co. Ltd. lifted its position in shares of Howard Hughes by 14,500.0% during the first quarter. SBI Securities Co. Ltd. now owns 876 shares of the company's stock worth $65,000 after purchasing an additional 870 shares in the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on HHH. JPMorgan Chase & Co. cut 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. Piper Sandler reduced 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 report on Friday, May 23rd. Finally, BMO Capital Markets reduced their target price on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th.

Howard Hughes Stock Down 0.4%

HHH traded down $0.29 during trading on Friday, hitting $68.68. The company had a trading volume of 390,872 shares, compared to its average volume of 378,849. The company has a market cap of $3.46 billion, a PE ratio of 13.18 and a beta of 1.21. The business has a 50-day moving average of $69.07 and a 200-day moving average of $71.61. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.41 and a quick ratio of 1.41. 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 posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) 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 analysts' expectations of $187.43 million. Howard Hughes had a net margin of 14.27% and a return on equity of 10.21%. The firm's quarterly revenue was up 27.3% compared to the same quarter last year. As a group, analysts forecast that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current 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.