Motley Fool Wealth Management LLC Reduces Stake in Howard Hughes Holdings Inc. (NYSE:HHH)

Motley Fool Wealth Management LLC reduced its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 200,809 shares of the company’s stock after selling 8,241 shares during the period. Motley Fool Wealth Management LLC’s holdings in Howard Hughes were worth $17,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in Howard Hughes during the fourth quarter valued at $44,000. Baker Avenue Asset Management LP purchased a new position in Howard Hughes during the third quarter valued at $45,000. Citigroup Inc. purchased a new position in Howard Hughes during the third quarter valued at $48,000. Carmel Capital Partners LLC lifted its position in Howard Hughes by 22.0% during the fourth quarter. Carmel Capital Partners LLC now owns 4,375 shares of the company’s stock valued at $374,000 after purchasing an additional 788 shares in the last quarter. Finally, Baystate Wealth Management LLC purchased a new position in Howard Hughes during the fourth quarter valued at $68,000. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Howard Hughes Stock Performance

Shares of HHH stock traded up $0.67 during trading hours on Friday, hitting $64.42. The stock had a trading volume of 278,158 shares, compared to its average volume of 531,369. Howard Hughes Holdings Inc. has a one year low of $59.00 and a one year high of $86.72. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.73. The stock’s 50-day moving average price is $70.59 and its two-hundred day moving average price is $74.57.

Howard Hughes (NYSE:HHH) last issued its earnings results on Tuesday, February 27th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.25. Howard Hughes had a negative return on equity of 0.62% and a negative net margin of 53.88%. The firm had revenue of $335.84 million for the quarter, compared to analysts’ expectations of $318.32 million. As a group, research analysts anticipate that Howard Hughes Holdings Inc. will post 2.69 EPS for the current year.

Insiders Place Their Bets

In other Howard Hughes news, insider Heath Melton sold 1,926 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $72.95, for a total transaction of $140,501.70. Following the sale, the insider now directly owns 9,274 shares of the company’s stock, valued at $676,538.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 33.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price target on Howard Hughes from $90.00 to $84.00 and set an “overweight” rating on the stock in a report on Tuesday, April 16th.

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.