Victory Capital Management Inc. Has $11.07 Million Position in Howard Hughes Holdings Inc. $HHH

Victory Capital Management Inc. reduced its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 38.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 134,654 shares of the company’s stock after selling 84,395 shares during the period. Victory Capital Management Inc.’s holdings in Howard Hughes were worth $11,065,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in shares of Howard Hughes by 1,183.2% in the third quarter. SG Americas Securities LLC now owns 25,716 shares of the company’s stock valued at $2,113,000 after purchasing an additional 23,712 shares in the last quarter. Brighton Jones LLC bought a new position in shares of Howard Hughes during the 4th quarter worth about $511,000. TrueMark Investments LLC acquired a new stake in shares of Howard Hughes during the 3rd quarter valued at about $1,318,000. Annex Advisory Services LLC bought a new stake in Howard Hughes in the third quarter valued at about $1,224,000. Finally, Jackson Creek Investment Advisors LLC acquired a new position in Howard Hughes in the third quarter worth about $1,463,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Price Performance

Shares of Howard Hughes stock opened at $63.45 on Thursday. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 30.07 and a beta of 1.25. The firm’s 50-day moving average price is $78.69 and its two-hundred day moving average price is $80.71. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.73. 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 announced its quarterly earnings data on Thursday, February 19th. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $1.26. Howard Hughes had a return on equity of 5.54% and a net margin of 8.40%.The firm had revenue of $624.45 million for the quarter. During the same quarter in the previous year, the business posted $3.25 earnings per share. The firm’s quarterly revenue was down 36.5% on a year-over-year basis. On average, equities analysts predict that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Activity at Howard Hughes

In other Howard Hughes news, Director R Scot Sellers purchased 5,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were purchased at an average cost of $77.94 per share, with a total value of $389,700.00. Following the transaction, the director directly owned 67,517 shares of the company’s stock, valued at $5,262,274.98. This represents a 8.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 48.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HHH has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Howard Hughes in a research note 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. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.