Howard Hughes Holdings Inc. (NYSE:HHH) Shares Sold by Sycale Advisors NY LLC

Sycale Advisors NY LLC lowered its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 11.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,426 shares of the company’s stock after selling 17,510 shares during the period. Howard Hughes makes up about 2.7% of Sycale Advisors NY LLC’s investment portfolio, making the stock its 13th biggest position. Sycale Advisors NY LLC owned approximately 0.27% of Howard Hughes worth $10,571,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in shares of Howard Hughes in the 4th quarter worth approximately $40,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Howard Hughes in the 4th quarter worth approximately $47,000. Huntington National Bank grew its holdings in shares of Howard Hughes by 335.5% in the 4th quarter. Huntington National Bank now owns 932 shares of the company’s stock worth $72,000 after acquiring an additional 718 shares during the period. KBC Group NV grew its holdings in shares of Howard Hughes by 40.1% in the 4th quarter. KBC Group NV now owns 1,572 shares of the company’s stock worth $121,000 after acquiring an additional 450 shares during the period. Finally, US Bancorp DE grew its holdings in shares of Howard Hughes by 30.7% in the 4th quarter. US Bancorp DE now owns 1,783 shares of the company’s stock worth $137,000 after acquiring an additional 419 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

HHH has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price target on Howard Hughes from $84.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, April 29th. BMO Capital Markets lowered their target price on Howard Hughes from $85.00 to $80.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th.

Howard Hughes Price Performance

Shares of NYSE:HHH opened at $70.62 on Friday. The business’s fifty day moving average price is $69.86 and its two-hundred day moving average price is $75.42. The stock has a market cap of $3.56 billion, a PE ratio of 46.77 and a beta of 1.21. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08. Howard Hughes Holdings Inc. has a one year low of $59.83 and a one year high of $87.77.

Howard Hughes (NYSE:HHH) last announced its earnings results on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The firm had revenue of $199.33 million for the quarter, compared to analysts’ expectations of $187.43 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The business’s revenue for the quarter was up 27.3% on a year-over-year basis. On average, analysts forecast that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal 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.