Russell Investments Group Ltd. Decreases Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

Russell Investments Group Ltd. reduced its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 32.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 334,019 shares of the company's stock after selling 159,805 shares during the period. Russell Investments Group Ltd. owned about 0.67% of Howard Hughes worth $28,591,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB acquired a new position in shares of Howard Hughes during the third quarter worth approximately $612,000. Beach Investment Counsel Inc. PA bought a new position in shares of Howard Hughes in the 3rd quarter worth $27,191,000. New South Capital Management Inc. bought a new position in Howard Hughes during the 3rd quarter worth approximately $47,706,000. Bank of New York Mellon Corp acquired a new stake in Howard Hughes during the 3rd quarter worth $10,105,000. Finally, Bailard Inc. bought a new stake in shares of Howard Hughes in the third quarter worth about $334,000. 93.83% of the stock is owned by institutional investors.

Howard Hughes Stock Up 0.6 %

HHH traded up $0.41 during trading on Wednesday, hitting $65.57. The company had a trading volume of 413,536 shares, compared to its average volume of 311,255. The firm's 50-day moving average price is $69.89 and its 200 day moving average price is $74.50. The company has a market capitalization of $3.29 billion, a PE ratio of -5.89 and a beta of 1.48. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.73. Howard Hughes Holdings Inc. has a one year low of $59.00 and a one year high of $86.72.

Howard Hughes (NYSE:HHH - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.25. The business had revenue of $335.84 million for the quarter, compared to analyst estimates of $318.32 million. Howard Hughes had a negative net margin of 53.88% and a negative return on equity of 0.62%. As a group, equities analysts expect that Howard Hughes Holdings Inc. will post 2.69 earnings per share for the current year.

Insider Buying and Selling at Howard Hughes

In other news, insider Heath Melton sold 1,926 shares of the business's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $72.95, for a total value of $140,501.70. Following the completion of the sale, the insider now owns 9,274 shares of the company's stock, valued at $676,538.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 33.00% of the company's stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their price objective on Howard Hughes from $90.00 to $84.00 and set an "overweight" rating on the stock in a report on Tuesday, April 16th.

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.