American Century Companies Inc. Decreases Stock Holdings in Howard Hughes Holdings Inc. $HHH

American Century Companies Inc. lessened its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 4.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 744,900 shares of the company’s stock after selling 34,979 shares during the quarter. American Century Companies Inc.’s holdings in Howard Hughes were worth $50,281,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Millennium Management LLC boosted its holdings in shares of Howard Hughes by 2,368.8% in the first quarter. Millennium Management LLC now owns 165,926 shares of the company’s stock worth $12,292,000 after buying an additional 159,205 shares during the last quarter. Candriam S.C.A. raised its position in Howard Hughes by 743.3% in the second 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. Royal Bank of Canada boosted its stake in shares of Howard Hughes by 1,900.6% during the 1st quarter. Royal Bank of Canada now owns 99,248 shares of the company’s stock worth $7,353,000 after acquiring an additional 94,287 shares during the last quarter. Northside Capital Management LLC bought a new stake in shares of Howard Hughes during the 2nd quarter valued at $5,322,000. Finally, Nuveen LLC purchased a new stake in shares of Howard Hughes in the 1st quarter worth $5,631,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

Howard Hughes Stock Down 0.2%

Shares of NYSE:HHH opened at $89.56 on Friday. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 19.60 and a beta of 1.26. Howard Hughes Holdings Inc. has a 12 month low of $61.40 and a 12 month high of $91.07. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.85. The company has a 50-day moving average price of $82.50 and a 200 day moving average price of $75.36.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings data on Monday, November 10th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. The business had revenue of $390.24 million for the quarter, compared to analysts’ expectations of $331.52 million. Howard Hughes had a net margin of 12.85% and a return on equity of 10.51%. The business’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.95 earnings per share. As a group, equities research analysts predict that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HHH shares. Zacks Research downgraded Howard Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. increased their target price on shares of Howard Hughes from $76.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Howard Hughes in a research report on Monday. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $83.33.

Insider Transactions at Howard Hughes

In other Howard Hughes news, Director Anthony Williams sold 1,100 shares of the company’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $79.58, for a total value of $87,538.00. Following the completion of the sale, the director directly owned 8,102 shares in the company, valued at approximately $644,757.16. This represents a 11.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 48.00% of the stock is currently owned by company insiders.

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.