Graham Capital Management L.P. Has $2.44 Million Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

Graham Capital Management L.P. cut its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 11.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,746 shares of the company's stock after selling 4,160 shares during the quarter. Graham Capital Management L.P. owned about 0.06% of Howard Hughes worth $2,442,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new stake in shares of Howard Hughes during the fourth quarter worth $40,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Howard Hughes in the 3rd quarter valued at about $46,000. Sugar Maple Asset Management LLC bought a new position in shares of Howard Hughes in the fourth quarter valued at $47,000. Huntington National Bank lifted its position in shares of Howard Hughes by 335.5% during the fourth quarter. Huntington National Bank now owns 932 shares of the company's stock valued at $72,000 after purchasing an additional 718 shares in the last quarter. Finally, KBC Group NV raised its position in Howard Hughes by 40.1% in the fourth quarter. KBC Group NV now owns 1,572 shares of the company's stock worth $121,000 after acquiring an additional 450 shares during the period. 93.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. 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 research report on Wednesday, May 7th. JPMorgan Chase & Co. dropped their price objective on 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 Stock Performance

Shares of NYSE HHH traded down $0.14 during trading on Friday, reaching $70.67. 253,752 shares of the company traded hands, compared to its average volume of 337,401. The firm's fifty day simple moving average is $69.90 and its 200 day simple moving average is $75.46. The stock has a market cap of $3.56 billion, a P/E ratio of 46.79 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 company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98.

Howard Hughes (NYSE:HHH - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share 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 6.57% and a return on equity of 3.38%. The company's revenue was up 27.3% on a year-over-year basis. As a group, research analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal 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.