Hsbc Holdings PLC Trims Stock Position in Howard Hughes Holdings Inc. $HHH

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

Several other hedge funds also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new stake in Howard Hughes during the 4th quarter worth about $203,000. Stone Wealth Partners acquired a new position in shares of Howard Hughes in the 4th quarter valued at about $281,000. Virtu Financial LLC acquired a new position in shares of Howard Hughes in the 4th quarter valued at about $279,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Howard Hughes in the fourth quarter worth about $171,000. Finally, Compound Planning Inc. purchased a new stake in shares of Howard Hughes in the fourth quarter worth about $200,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Howard Hughes news, insider James Carman sold 1,500 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $64.20, for a total transaction of $96,300.00. Following the completion of the transaction, the insider directly owned 22,096 shares in the company, valued at approximately $1,418,563.20. This represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 48.00% of the company’s stock.

Howard Hughes Stock Performance

Shares of HHH stock opened at $72.27 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. Howard Hughes Holdings Inc. has a 12-month low of $61.01 and a 12-month high of $91.07. The business’s 50 day moving average is $65.17 and its two-hundred day moving average is $71.58. The company has a market capitalization of $4.31 billion, a P/E ratio of 35.42 and a beta of 1.14.

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

Analysts Set New Price Targets

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

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.