Legal & General Group Plc Sells 3,825 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Legal & General Group Plc trimmed its stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 11.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,847 shares of the company's stock after selling 3,825 shares during the period. Legal & General Group Plc owned 0.06% of Howard Hughes worth $2,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HHH. Invesco Ltd. grew its position in shares of Howard Hughes by 0.4% in the fourth quarter. Invesco Ltd. now owns 85,907 shares of the company's stock valued at $6,608,000 after purchasing an additional 332 shares during the last quarter. Cerity Partners LLC boosted its holdings in Howard Hughes by 33.5% during the fourth quarter. Cerity Partners LLC now owns 12,271 shares of the company's stock valued at $946,000 after purchasing an additional 3,082 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Howard Hughes by 5.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 13,679 shares of the company's stock worth $1,052,000 after buying an additional 683 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Howard Hughes by 1.6% during the 4th quarter. Wells Fargo & Company MN now owns 10,707 shares of the company's stock worth $824,000 after buying an additional 173 shares during the period. Finally, Donald Smith & CO. Inc. boosted its stake in Howard Hughes by 0.6% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,661,280 shares of the company's stock valued at $127,786,000 after buying an additional 9,093 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Trading Down 1.9 %

Howard Hughes stock traded down $1.26 during mid-day trading on Wednesday, hitting $66.45. The stock had a trading volume of 256,537 shares, compared to its average volume of 312,739. The stock has a market capitalization of $3.35 billion, a PE ratio of 44.01 and a beta of 1.14. 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. The stock has a 50-day simple moving average of $71.34 and a two-hundred day simple moving average of $76.03.

Howard Hughes (NYSE:HHH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $3.25 EPS for the quarter, topping the consensus estimate of $2.85 by $0.40. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The company had revenue of $983.59 million during the quarter, compared to analysts' expectations of $949.18 million. As a group, sell-side analysts forecast that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their target price on shares of Howard Hughes from $84.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday.

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.