Quest Partners LLC Cuts Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Quest Partners LLC cut its stake in Howard Hughes Holdings Inc. (NYSE:HHH) by 48.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,472 shares of the company’s stock after selling 11,647 shares during the period. Quest Partners LLC’s holdings in Howard Hughes were worth $966,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB purchased a new position in Howard Hughes in the first quarter worth $2,905,000. Clearbridge Investments LLC grew its position in Howard Hughes by 2.4% in the first quarter. Clearbridge Investments LLC now owns 326,314 shares of the company’s stock worth $23,697,000 after acquiring an additional 7,500 shares in the last quarter. Bridges Investment Management Inc. purchased a new position in Howard Hughes in the second quarter worth $428,000. XTX Topco Ltd grew its position in Howard Hughes by 225.1% in the second quarter. XTX Topco Ltd now owns 10,529 shares of the company’s stock worth $682,000 after acquiring an additional 7,290 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Howard Hughes by 50.0% during the second quarter. Victory Capital Management Inc. now owns 312,181 shares of the company’s stock valued at $20,236,000 after buying an additional 103,995 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Howard Hughes Stock Performance

NYSE HHH opened at $79.74 on Thursday. The company has a 50-day simple moving average of $77.50 and a two-hundred day simple moving average of $71.75. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. Howard Hughes Holdings Inc. has a 12-month low of $59.00 and a 12-month high of $86.72. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 52.81 and a beta of 1.46.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $1.76. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The business had revenue of $327.15 million during the quarter, compared to analyst estimates of $261.00 million. During the same period in the prior year, the business posted ($0.26) earnings per share. The company’s revenue was up 43.2% on a year-over-year basis. On average, equities analysts forecast that Howard Hughes Holdings Inc. will post 3.28 EPS for the current year.

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.