Donald Smith & CO. Inc. Sells 472,328 Shares of Howard Hughes Holdings Inc. $HHH

Donald Smith & CO. Inc. trimmed its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 30.1% in the second quarter, Holdings Channel.com reports. The firm owned 1,097,680 shares of the company’s stock after selling 472,328 shares during the quarter. Howard Hughes comprises approximately 1.7% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 26th biggest position. Donald Smith & CO. Inc.’s holdings in Howard Hughes were worth $74,093,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HHH. Huntington National Bank increased its holdings in shares of Howard Hughes by 15.5% during the second quarter. Huntington National Bank now owns 1,079 shares of the company’s stock worth $73,000 after buying an additional 145 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in Howard Hughes by 0.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 33,098 shares of the company’s stock worth $2,234,000 after acquiring an additional 160 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in Howard Hughes by 4.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,962 shares of the company’s stock worth $335,000 after purchasing an additional 197 shares in the last quarter. Allworth Financial LP raised its position in Howard Hughes by 134.2% in the second quarter. Allworth Financial LP now owns 363 shares of the company’s stock valued at $25,000 after purchasing an additional 208 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Howard Hughes by 6.6% during the second quarter. Janney Montgomery Scott LLC now owns 3,958 shares of the company’s stock valued at $267,000 after purchasing an additional 245 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Insider Buying and Selling at Howard Hughes

In related news, Director Anthony Williams sold 1,100 shares of the business’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $79.58, for a total transaction of $87,538.00. Following the transaction, the director owned 8,102 shares in the company, valued at $644,757.16. The trade was a 11.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Ann Tighe sold 6,000 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 13,495 shares of the company’s stock, valued at approximately $1,198,760.85. This represents a 30.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 48.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Howard Hughes in a research note on Monday, December 1st. JPMorgan Chase & Co. upped their price target on shares of Howard Hughes from $76.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Zacks Research lowered shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $83.33.

Howard Hughes Price Performance

Shares of NYSE HHH opened at $86.44 on Friday. The company has a market capitalization of $5.13 billion, a PE ratio of 16.85 and a beta of 1.22. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. Howard Hughes Holdings Inc. has a twelve month low of $61.40 and a twelve month high of $91.07. The firm has a fifty day simple moving average of $83.28 and a 200 day simple moving average of $76.00.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings results on Monday, November 10th. The company reported $2.02 earnings per share 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 firm had revenue of $390.24 million during the quarter, compared to the consensus estimate of $331.52 million. During the same period last year, the business posted $1.95 EPS. The business’s revenue was up 19.3% compared to the same quarter last year. On average, sell-side analysts forecast that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

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.