Hsbc Holdings PLC Sells 11,442 Shares of Howard Hughes Holdings Inc. $HHH

Hsbc Holdings PLC lessened its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 18.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,466 shares of the company’s stock after selling 11,442 shares during the period. Hsbc Holdings PLC owned 0.08% of Howard Hughes worth $3,967,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC acquired a new position in shares of Howard Hughes during the fourth quarter valued at about $511,000. Royal Bank of Canada boosted its position 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 purchasing an additional 94,287 shares in the last quarter. Millennium Management LLC grew its stake in shares of Howard Hughes by 2,368.8% in the 1st quarter. Millennium Management LLC now owns 165,926 shares of the company’s stock valued at $12,292,000 after buying an additional 159,205 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Howard Hughes by 26.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 118,589 shares of the company’s stock valued at $8,785,000 after buying an additional 25,001 shares during the period. Finally, Focus Partners Wealth bought a new stake in Howard Hughes in the 1st quarter valued at about $254,000. 93.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider James Carman sold 1,500 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $64.20, for a total transaction of $96,300.00. Following the transaction, the insider directly owned 22,096 shares in the company, valued at approximately $1,418,563.20. The trade was a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 48.00% of the company’s stock.

Analyst Upgrades and Downgrades

HHH has been the topic of a number of research reports. Zacks Research raised Howard Hughes from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Wall Street Zen raised Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings downgraded Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Howard Hughes has a consensus rating of “Reduce” and an average target price of $85.00.

Howard Hughes Trading Down 0.3%

NYSE HHH opened at $72.03 on Friday. 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 business has a fifty day simple moving average of $66.62 and a 200 day simple moving average of $70.91. Howard Hughes Holdings Inc. has a 12 month low of $61.01 and a 12 month high of $91.07. The firm has a market capitalization of $4.29 billion, a P/E ratio of 35.31 and a beta of 1.12.

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