Howard Hughes Holdings Inc. (NYSE:HHH) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 28.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,512,900 shares of the company's stock after selling 603,480 shares during the period. Principal Financial Group Inc. owned about 3.02% of Howard Hughes worth $129,429,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Howard Hughes by 9.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,352,501 shares of the company's stock worth $201,259,000 after purchasing an additional 193,957 shares in the last quarter. Mesirow Institutional Investment Management Inc. bought a new stake in shares of Howard Hughes in the fourth quarter worth $11,593,000. Principal Securities Inc. bought a new stake in shares of Howard Hughes in the fourth quarter worth $114,000. Karpas Strategies LLC increased its stake in shares of Howard Hughes by 2.1% in the fourth quarter. Karpas Strategies LLC now owns 20,104 shares of the company's stock worth $1,720,000 after buying an additional 422 shares during the last quarter. Finally, Hills Bank & Trust Co bought a new stake in shares of Howard Hughes in the fourth quarter worth $378,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Howard Hughes

In related news, insider Heath Melton sold 1,926 shares of the company'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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 33.00% of the company's stock.

Howard Hughes Stock Down 0.2 %

HHH stock traded down $0.11 during trading on Monday, hitting $66.32. 241,175 shares of the company's stock traded hands, compared to its average volume of 318,234. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 1.79. Howard Hughes Holdings Inc. has a 52 week low of $59.00 and a 52 week high of $86.72. The stock has a fifty day moving average price of $68.49 and a two-hundred day moving average price of $74.51.

Howard Hughes (NYSE:HHH - Get Free Report) last released its earnings results on Tuesday, February 27th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.25. The firm had revenue of $335.84 million during the quarter, compared to analyst estimates of $318.32 million. Howard Hughes had a negative net margin of 58.21% and a negative return on equity of 1.59%. Research analysts predict that Howard Hughes Holdings Inc. will post 2.69 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price target on shares of Howard Hughes from $90.00 to $84.00 and set an "overweight" rating for the company in a research note on Tuesday, April 16th.

About Howard Hughes

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.

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