JPMorgan Chase & Co. Reduces Stock Position in Howard Hughes Holdings Inc. (NYSE:HHH)

JPMorgan Chase & Co. trimmed its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 48.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 248,955 shares of the company's stock after selling 238,137 shares during the period. JPMorgan Chase & Co. owned 0.50% of Howard Hughes worth $19,150,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. American Century Companies Inc. grew its holdings in Howard Hughes by 50.3% during the 4th quarter. American Century Companies Inc. now owns 624,769 shares of the company's stock valued at $48,057,000 after buying an additional 209,217 shares in the last quarter. State Street Corp grew its holdings in shares of Howard Hughes by 3.2% in the third quarter. State Street Corp now owns 605,785 shares of the company's stock valued at $46,906,000 after purchasing an additional 19,045 shares in the last quarter. Egerton Capital UK LLP bought a new stake in Howard Hughes in the fourth quarter worth $34,150,000. River Road Asset Management LLC raised its stake in Howard Hughes by 235.9% during the fourth quarter. River Road Asset Management LLC now owns 312,566 shares of the company's stock valued at $24,043,000 after purchasing an additional 219,514 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Howard Hughes by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 280,811 shares of the company's stock valued at $21,600,000 after purchasing an additional 4,194 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Trading Down 0.6 %

NYSE HHH traded down $0.42 during trading hours on Wednesday, hitting $65.50. 13,443 shares of the company were exchanged, compared to its average volume of 320,211. Howard Hughes Holdings Inc. has a 52 week low of $59.00 and a 52 week high of $87.77. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. The stock has a 50-day moving average price of $73.15 and a 200 day moving average price of $76.70. The stock has a market cap of $3.30 billion, a PE ratio of 43.40 and a beta of 1.14.

Howard Hughes (NYSE:HHH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $3.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.85 by $0.40. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The company had revenue of $983.59 million during the quarter, compared to analysts' expectations of $949.18 million. Analysts forecast 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.