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

Hsbc Holdings PLC lessened its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 18.8% in the fourth quarter, according to its most recent 13F filing 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 quarter. Hsbc Holdings PLC’s holdings in Howard Hughes were worth $3,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in HHH. Northern Right Capital Management L.P. grew its position in Howard Hughes by 15.7% during the third quarter. Northern Right Capital Management L.P. now owns 302,450 shares of the company’s stock valued at $24,852,000 after buying an additional 41,095 shares during the period. Brighton Jones LLC bought a new stake in Howard Hughes in the fourth quarter worth about $511,000. Russell Investments Group Ltd. boosted its stake in Howard Hughes by 98.3% in the third quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company’s stock valued at $45,757,000 after acquiring an additional 276,083 shares during the last quarter. Gotham Asset Management LLC boosted its stake in Howard Hughes by 31.5% in the third quarter. Gotham Asset Management LLC now owns 337,199 shares of the company’s stock valued at $27,708,000 after acquiring an additional 80,701 shares during the last quarter. Finally, M&T Bank Corp bought a new position in shares of Howard Hughes during the 4th quarter valued at approximately $4,208,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at Howard Hughes

In other Howard Hughes 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 48.00% of the stock is owned by corporate insiders.

Howard Hughes Stock Down 0.3%

HHH stock opened at $72.03 on Friday. The stock has a 50-day simple moving average of $66.62 and a two-hundred day simple moving average of $70.91. 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 $4.29 billion, a PE ratio of 35.31 and a beta of 1.12. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.97.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Howard Hughes had a net margin of 8.04% and a return on equity of 5.41%. The firm had revenue of $235.92 million for the quarter. During the same period 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, equities 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.