Howard Hughes Holdings Inc. $HHH Shares Sold by Impax Asset Management Group plc
by Amy Steele · The Cerbat GemImpax Asset Management Group plc decreased its holdings in Howard Hughes Holdings Inc. (NYSE:HHH – Free Report) by 49.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,707 shares of the company’s stock after selling 54,293 shares during the period. Impax Asset Management Group plc’s holdings in Howard Hughes were worth $4,444,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in shares of Howard Hughes in the 3rd quarter valued at approximately $31,000. Signaturefd LLC grew its stake in shares of Howard Hughes by 41.5% in the 4th quarter. Signaturefd LLC now owns 423 shares of the company’s stock valued at $34,000 after buying an additional 124 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Howard Hughes by 191.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after buying an additional 339 shares during the period. CWM LLC grew its stake in shares of Howard Hughes by 69.6% in the 3rd quarter. CWM LLC now owns 665 shares of the company’s stock valued at $55,000 after buying an additional 273 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Howard Hughes in the 3rd quarter valued at approximately $76,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.
Howard Hughes Stock Performance
NYSE:HHH opened at $64.16 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $3.83 billion, a P/E ratio of 30.41 and a beta of 1.28. The company has a 50 day moving average price of $67.24 and a 200 day moving average price of $77.10. Howard Hughes Holdings Inc. has a fifty-two week low of $61.01 and a fifty-two week high of $91.07.
Howard Hughes (NYSE:HHH – Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). Howard Hughes had a return on equity of 5.54% and a net margin of 8.40%.The company had revenue of $624.45 million for the quarter. During the same period in the prior year, the firm earned $3.25 earnings per share. The business’s revenue for the quarter was down 36.5% compared to the same quarter last year. Equities research analysts forecast that Howard Hughes Holdings Inc. will post 4.06 EPS for the current year.
Insider Buying and Selling
In other Howard Hughes news, General Counsel Joseph Valane purchased 1,260 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was bought at an average price of $64.45 per share, with a total value of $81,207.00. Following the transaction, the general counsel directly owned 29,209 shares of the company’s stock, valued at approximately $1,882,520.05. This represents a 4.51% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 48.00% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on HHH. Weiss Ratings cut shares of Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. Wall Street Zen cut shares of Howard Hughes from a “hold” rating to a “sell” rating in a research report on Saturday. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Howard Hughes currently has a consensus rating of “Hold” and a consensus target price of $83.33.
Check Out Our Latest Stock Analysis on HHH
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.
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