Rule One Partners LLC Reduces Stock Holdings in Howard Hughes Holdings Inc. $HHH

Rule One Partners LLC reduced its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 92.6% during the fourth quarter, Holdings Channel reports. The firm owned 12,001 shares of the company’s stock after selling 150,000 shares during the period. Howard Hughes makes up 0.1% of Rule One Partners LLC’s holdings, making the stock its 9th largest holding. Rule One Partners LLC’s holdings in Howard Hughes were worth $957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in HHH. Brighton Jones LLC bought a new position in shares of Howard Hughes during the fourth quarter valued at about $511,000. Royal Bank of Canada lifted its position in shares of Howard Hughes by 1,900.6% during the first quarter. Royal Bank of Canada now owns 99,248 shares of the company’s stock valued at $7,353,000 after purchasing an additional 94,287 shares in the last quarter. Millennium Management LLC lifted its position in shares of Howard Hughes by 2,368.8% during the first quarter. Millennium Management LLC now owns 165,926 shares of the company’s stock valued at $12,292,000 after purchasing an additional 159,205 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Howard Hughes by 26.7% during the first quarter. Goldman Sachs Group Inc. now owns 118,589 shares of the company’s stock valued at $8,785,000 after purchasing an additional 25,001 shares in the last quarter. Finally, Focus Partners Wealth bought a new position in Howard Hughes in the 1st quarter valued at $254,000. 93.83% of the stock is owned by institutional investors.

Howard Hughes Trading Down 0.3%

Shares of Howard Hughes stock opened at $64.91 on Tuesday. Howard Hughes Holdings Inc. has a 12-month low of $61.01 and a 12-month high of $91.07. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 31.82 and a beta of 1.14. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.97. The company’s 50-day moving average price is $63.97 and its 200-day moving average price is $73.46.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Howard Hughes had a net margin of 8.04% and a return on equity of 5.41%. The firm had revenue of $235.92 million for the quarter. During the same period in the previous year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. On average, equities analysts expect that Howard Hughes Holdings Inc. will post 3.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HHH shares. Wall Street Zen upgraded Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research downgraded shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. Finally, Weiss Ratings downgraded shares of Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell” and an average price target of $85.00.

Insider Transactions at Howard Hughes

In other news, General Counsel Joseph Valane purchased 1,260 shares of the stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of $64.45 per share, with a total value of $81,207.00. Following the completion of the acquisition, the general counsel owned 29,209 shares in the company, valued at $1,882,520.05. This represents a 4.51% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider James Carman sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $64.20, for a total transaction of $96,300.00. Following the completion of the transaction, the insider owned 22,096 shares in the company, valued at approximately $1,418,563.20. This trade represents a 6.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 48.00% of the company’s stock.

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. 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.