Howard Hughes Holdings Inc. $HHH Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC lowered its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 13.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 521,477 shares of the company’s stock after selling 81,022 shares during the quarter. River Road Asset Management LLC owned 0.88% of Howard Hughes worth $41,598,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Signaturefd LLC grew its holdings in shares of Howard Hughes by 41.5% during the 4th quarter. Signaturefd LLC now owns 423 shares of the company’s stock worth $34,000 after purchasing an additional 124 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Howard Hughes by 191.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after buying an additional 339 shares during the period. Huntington National Bank raised its holdings in Howard Hughes by 134.1% in the 4th quarter. Huntington National Bank now owns 494 shares of the company’s stock valued at $39,000 after buying an additional 283 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Howard Hughes in the fourth quarter valued at about $43,000. Finally, Atlas Capital Advisors Inc. purchased a new position in Howard Hughes during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Insider Transactions at Howard Hughes

In other news, insider James Carman sold 1,500 shares of the 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 sale, the insider owned 22,096 shares of the company’s stock, valued at approximately $1,418,563.20. This represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 48.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HHH. Zacks Research cut shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Weiss Ratings lowered shares of Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. Finally, Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Howard Hughes has a consensus rating of “Sell” and a consensus target price of $85.00.

Howard Hughes Price Performance

HHH stock opened at $66.94 on Friday. The business’s fifty day moving average price is $64.60 and its 200 day moving average price is $72.36. Howard Hughes Holdings Inc. has a 12-month low of $61.01 and a 12-month high of $91.07. 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 company has a market capitalization of $3.99 billion, a PE ratio of 32.82 and a beta of 1.14.

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

Howard Hughes Company 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.