Strs Ohio Trims Holdings in Howard Hughes Holdings Inc. $HHH

Strs Ohio cut its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 97.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 740 shares of the company’s stock after selling 24,658 shares during the quarter. Strs Ohio’s holdings in Howard Hughes were worth $61,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Norges Bank acquired a new stake in shares of Howard Hughes in the 2nd quarter worth $25,951,000. Northern Right Capital Management L.P. purchased a new position in Howard Hughes in the second quarter valued at about $17,641,000. Millennium Management LLC boosted its stake in shares of Howard Hughes by 2,368.8% during the 1st quarter. Millennium Management LLC now owns 165,926 shares of the company’s stock worth $12,292,000 after acquiring an additional 159,205 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of Howard Hughes during the 2nd quarter worth approximately $9,429,000. Finally, Candriam S.C.A. grew its holdings in shares of Howard Hughes by 743.3% in the 2nd quarter. Candriam S.C.A. now owns 151,946 shares of the company’s stock worth $10,257,000 after acquiring an additional 133,927 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Howard Hughes Price Performance

NYSE HHH opened at $81.70 on Thursday. The company has a market cap of $4.85 billion, a P/E ratio of 15.93 and a beta of 1.24. The company has a fifty day simple moving average of $82.53 and a 200 day simple moving average of $79.88. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.80. Howard Hughes Holdings Inc. has a 1 year low of $61.40 and a 1 year high of $91.07.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings results on Monday, November 10th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. Howard Hughes had a return on equity of 11.06% and a net margin of 14.95%.The company had revenue of $390.24 million during the quarter, compared to analyst estimates of $331.52 million. During the same period in the previous year, the company earned $1.95 earnings per share. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. On average, sell-side analysts predict that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

Insider Buying and Selling at Howard Hughes

In other Howard Hughes news, Director Mary Ann Tighe sold 6,000 shares of the stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $88.83, for a total value of $532,980.00. Following the completion of the sale, the director directly owned 13,495 shares of the company’s stock, valued at $1,198,760.85. This represents a 30.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director R Scot Sellers purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The stock was bought at an average price of $77.94 per share, for a total transaction of $389,700.00. Following the completion of the transaction, the director directly owned 67,517 shares in the company, valued at approximately $5,262,274.98. The trade was a 8.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 48.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HHH. Weiss Ratings reissued a “hold (c)” rating on shares of Howard Hughes in a report on Monday, December 29th. Wall Street Zen raised Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Zacks Research cut shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Howard Hughes presently has a consensus rating of “Hold” and an average target price of $83.33.

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. Its MPCs segment develops, sells, and leases residential and commercial land designated for long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona.