Amundi Has $15.86 Million Holdings in Howard Hughes Holdings Inc. $HHH

Amundi decreased its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 22.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 229,846 shares of the company’s stock after selling 64,998 shares during the quarter. Amundi’s holdings in Howard Hughes were worth $15,857,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Howard Hughes

In other Howard Hughes news, Director Mary Ann Tighe sold 6,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $88.83, for a total value of $532,980.00. Following the completion of the sale, the director directly owned 13,495 shares of the company’s stock, valued at $1,198,760.85. This trade represents a 30.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $87,538.00. Following the completion of the sale, the director owned 8,102 shares in the company, valued at approximately $644,757.16. The trade was a 11.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 48.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Howard Hughes Stock Performance

NYSE HHH opened at $85.30 on Thursday. The company has a market capitalization of $5.07 billion, a PE ratio of 16.63 and a beta of 1.22. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.18 and a current ratio of 1.18. Howard Hughes Holdings Inc. has a 52-week low of $61.40 and a 52-week high of $91.07. The company has a 50-day simple moving average of $83.38 and a 200 day simple moving average of $76.38.

Howard Hughes (NYSE:HHH) last released its earnings results 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. Howard Hughes had a net margin of 14.95% and a return on equity of 11.06%. The firm had revenue of $390.24 million during the quarter, compared to the consensus estimate of $331.52 million. During the same period in the prior year, the firm earned $1.95 EPS. The company’s revenue was up 19.3% compared to the same quarter last year. On average, research analysts predict that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

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.