Howard Hughes Holdings Inc. $HHH Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lessened its stake in Howard Hughes Holdings Inc. (NYSE:HHH) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,951 shares of the company’s stock after selling 7,763 shares during the period. Brandywine Global Investment Management LLC’s holdings in Howard Hughes were worth $41,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of HHH. Signaturefd LLC raised its holdings in shares of Howard Hughes by 41.5% in the fourth quarter. Signaturefd LLC now owns 423 shares of the company’s stock valued at $34,000 after buying an additional 124 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Howard Hughes by 1.4% in the third quarter. Arizona State Retirement System now owns 9,666 shares of the company’s stock valued at $794,000 after buying an additional 130 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Howard Hughes by 0.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 27,193 shares of the company’s stock valued at $2,169,000 after buying an additional 147 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Howard Hughes by 28.9% in the third quarter. EverSource Wealth Advisors LLC now owns 665 shares of the company’s stock valued at $55,000 after buying an additional 149 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Howard Hughes by 37.2% in the fourth quarter. Fifth Third Bancorp now owns 572 shares of the company’s stock valued at $46,000 after buying an additional 155 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Trading Down 0.1%

Shares of HHH opened at $65.05 on Monday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.97. The firm’s 50-day moving average is $63.96 and its two-hundred day moving average is $73.59. Howard Hughes Holdings Inc. has a twelve month low of $61.01 and a twelve month high of $91.07. The firm has a market capitalization of $3.88 billion, a P/E ratio of 31.89 and a beta of 1.14.

Howard Hughes (NYSE:HHH) last issued its earnings results on Thursday, May 7th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. Howard Hughes had a net margin of 8.04% and a return on equity of 5.41%. The company had revenue of $235.92 million for the quarter. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. On average, research analysts predict that Howard Hughes Holdings Inc. will post 3.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HHH has been the subject of a number of research reports. Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut shares of Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. Finally, Zacks Research cut shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Howard Hughes has a consensus rating of “Sell” and an average price target of $85.00.

Insider Activity at Howard Hughes

In other news, insider James Carman sold 1,500 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $64.20, for a total value of $96,300.00. Following the sale, the insider directly owned 22,096 shares in the company, valued at $1,418,563.20. This represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Joseph Valane purchased 1,260 shares of the stock in a transaction dated Friday, March 13th. The stock was acquired at an average price of $64.45 per share, for a total transaction of $81,207.00. Following the completion of the transaction, the general counsel directly owned 29,209 shares of the company’s stock, valued at approximately $1,882,520.05. The trade was a 4.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 48.00% of the stock is owned by corporate insiders.

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.