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

Squarepoint Ops LLC trimmed its stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 60.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,327 shares of the company's stock after selling 49,924 shares during the period. Squarepoint Ops LLC owned 0.06% of Howard Hughes worth $2,487,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Jones Financial Companies Lllp purchased a new position in Howard Hughes in the fourth quarter valued at about $40,000. Huntington National Bank raised its stake in shares of Howard Hughes by 335.5% during the 4th quarter. Huntington National Bank now owns 932 shares of the company's stock worth $72,000 after acquiring an additional 718 shares in the last quarter. KBC Group NV lifted its position in Howard Hughes by 40.1% during the fourth quarter. KBC Group NV now owns 1,572 shares of the company's stock valued at $121,000 after acquiring an additional 450 shares during the last quarter. US Bancorp DE boosted its stake in Howard Hughes by 30.7% in the fourth quarter. US Bancorp DE now owns 1,783 shares of the company's stock valued at $137,000 after acquiring an additional 419 shares in the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new position in Howard Hughes in the fourth quarter worth $207,000. 93.83% of the stock is owned by institutional investors.

Howard Hughes Stock Performance

Howard Hughes stock traded down $0.58 during midday trading on Friday, hitting $68.32. 350,788 shares of the company were exchanged, compared to its average volume of 351,874. The firm 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 fifty-two week low of $59.83 and a fifty-two week high of $87.77. The business has a fifty day simple moving average of $68.58 and a two-hundred day simple moving average of $74.49. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08.

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, 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 analysts' expectations of $187.43 million. The company's revenue was up 27.3% compared to the same quarter last year. On average, sell-side analysts forecast that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HHH. Piper Sandler dropped their price target on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Howard Hughes from $84.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, April 29th.

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.