Howard Hughes Holdings Inc. (NYSE:HHH) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lowered its holdings in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 60.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,327 shares of the company's stock after selling 49,924 shares during the quarter. Squarepoint Ops LLC owned 0.06% of Howard Hughes worth $2,487,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Howard Hughes during the fourth quarter worth about $511,000. KBC Group NV raised its holdings in Howard Hughes by 40.1% during the fourth quarter. KBC Group NV now owns 1,572 shares of the company's stock worth $121,000 after purchasing an additional 450 shares during the last quarter. Capital Fund Management S.A. purchased a new stake in Howard Hughes during the fourth quarter worth $1,625,000. Institute for Wealth Management LLC. acquired a new stake in Howard Hughes in the fourth quarter valued at $305,000. Finally, Cerity Partners LLC increased its position in shares of Howard Hughes by 33.5% in the fourth quarter. Cerity Partners LLC now owns 12,271 shares of the company's stock valued at $946,000 after buying an additional 3,082 shares in the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Howard Hughes Price Performance

Shares of NYSE HHH traded down $0.58 during trading on Friday, reaching $68.32. The company had a trading volume of 350,788 shares, compared to its average volume of 350,547. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $3.44 billion, a PE ratio of 45.25 and a beta of 1.21. Howard Hughes Holdings Inc. has a twelve month low of $59.83 and a twelve month high of $87.77. The stock has a 50-day moving average price of $68.72 and a two-hundred day moving average price of $74.68.

Howard Hughes (NYSE:HHH - Get Free Report) last posted its quarterly earnings data 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 6.57% and a return on equity of 3.38%. The company had revenue of $199.33 million during the quarter, compared to the consensus estimate of $187.43 million. The business's quarterly revenue was up 27.3% on a year-over-year basis. As a group, sell-side analysts predict 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.