Horizon Kinetics Asset Management LLC Has $35.28 Million Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

Horizon Kinetics Asset Management LLC cut its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 458,597 shares of the company’s stock after selling 37,214 shares during the period. Howard Hughes comprises approximately 0.4% of Horizon Kinetics Asset Management LLC’s investment portfolio, making the stock its 22nd biggest position. Horizon Kinetics Asset Management LLC’s holdings in Howard Hughes were worth $35,275,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in shares of Howard Hughes during the fourth quarter worth $511,000. PEAK6 Investments LLC increased its holdings in shares of Howard Hughes by 201.8% during the third quarter. PEAK6 Investments LLC now owns 17,683 shares of the company’s stock worth $1,369,000 after buying an additional 11,824 shares in the last quarter. KBC Group NV increased its holdings in shares of Howard Hughes by 40.1% during the fourth quarter. KBC Group NV now owns 1,572 shares of the company’s stock worth $121,000 after buying an additional 450 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Howard Hughes by 225.6% in the third quarter. JPMorgan Chase & Co. now owns 487,092 shares of the company’s stock valued at $37,716,000 after purchasing an additional 337,514 shares during the period. Finally, Rule One Partners LLC acquired a new stake in Howard Hughes in the third quarter valued at $12,544,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Stock Performance

NYSE HHH opened at $73.44 on Monday. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 48.64 and a beta of 1.48. Howard Hughes Holdings Inc. has a twelve month low of $59.00 and a twelve month high of $87.77. The stock has a fifty day simple moving average of $75.58 and a 200 day simple moving average of $77.45. 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 (NYSE:HHH) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.40. The business had revenue of $983.59 million during the quarter, compared to the consensus estimate of $949.18 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. Sell-side analysts expect that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

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.