Renaissance Technologies LLC Has $6.37 Million Stock Holdings in Howard Hughes Holdings Inc. $HHH

Renaissance Technologies LLC decreased its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 32.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 100,700 shares of the company’s stock after selling 47,700 shares during the period. Renaissance Technologies LLC’s holdings in Howard Hughes were worth $6,370,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Howard Hughes by 8.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,822,522 shares of the company’s stock worth $178,549,000 after purchasing an additional 208,617 shares during the last quarter. Crcm LP lifted its stake in Howard Hughes by 9.3% in the fourth quarter. Crcm LP now owns 612,839 shares of the company’s stock valued at $48,886,000 after buying an additional 52,126 shares during the period. Norges Bank bought a new position in Howard Hughes during the fourth quarter worth about $31,957,000. Gotham Asset Management LLC grew its position in shares of Howard Hughes by 1.3% during the 4th quarter. Gotham Asset Management LLC now owns 341,698 shares of the company’s stock worth $27,257,000 after buying an additional 4,499 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Howard Hughes by 3.3% in the 3rd quarter. Bank of America Corp DE now owns 297,066 shares of the company’s stock valued at $24,410,000 after acquiring an additional 9,613 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research lowered shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. raised their price objective on Howard Hughes from $76.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Howard Hughes in a research note on Friday, July 17th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell” and a consensus target price of $79.00.

Insider Buying and Selling

In related news, insider James Carman sold 1,500 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $1,418,563.20. The trade was a 6.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 48.00% of the company’s stock.

Howard Hughes Stock Performance

Shares of HHH stock opened at $65.71 on Wednesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.58 and a current ratio of 1.58. Howard Hughes Holdings Inc. has a 52 week low of $61.01 and a 52 week high of $91.07. The company’s 50 day moving average price is $68.13 and its two-hundred day moving average price is $69.36. The company has a market capitalization of $3.92 billion, a P/E ratio of 32.21 and a beta of 1.14.

Howard Hughes (NYSE:HHH) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.14 earnings per share for the quarter, beating 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 during the quarter. During the same quarter last year, the company earned $0.21 EPS. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. On average, analysts expect that Howard Hughes Holdings Inc. will post 2.77 earnings per share 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. 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.