Rhumbline Advisers Lowers Stock Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Rhumbline Advisers reduced its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 8.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,611 shares of the company’s stock after selling 3,062 shares during the period. Rhumbline Advisers’ holdings in Howard Hughes were worth $2,179,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Fidelis Capital Partners LLC purchased a new position in shares of Howard Hughes during the 1st quarter valued at about $26,000. SPX Gestao de Recursos Ltda bought a new position in Howard Hughes in the 4th quarter worth approximately $70,000. Innealta Capital LLC bought a new position in Howard Hughes in the 2nd quarter worth approximately $116,000. Quent Capital LLC boosted its stake in Howard Hughes by 1,385.9% in the 1st quarter. Quent Capital LLC now owns 2,006 shares of the company’s stock worth $146,000 after purchasing an additional 1,871 shares during the period. Finally, EntryPoint Capital LLC bought a new position in Howard Hughes in the 1st quarter worth approximately $194,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group dropped their price target on Howard Hughes from $89.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, June 4th.

Howard Hughes Stock Performance

NYSE:HHH opened at $77.48 on Friday. The stock’s fifty day moving average is $72.09 and its 200 day moving average is $68.97. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $86.72. The firm has a market capitalization of $3.89 billion, a PE ratio of -6.61 and a beta of 1.45. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.35 and a current ratio of 1.35.

Howard Hughes (NYSE:HHH) last released its earnings results on Friday, July 26th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. Howard Hughes had a negative return on equity of 0.33% and a negative net margin of 49.52%. The business had revenue of $317.40 million for the quarter, compared to analyst estimates of $239.73 million. During the same quarter last year, the firm posted ($0.39) earnings per share. The business’s revenue was up 42.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Howard Hughes Holdings Inc. will post 3.05 earnings per share for the current 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.