Motley Fool Wealth Management LLC Decreases Stock Holdings in Howard Hughes Holdings Inc. $HHH

Motley Fool Wealth Management LLC decreased its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 118,423 shares of the company’s stock after selling 19,817 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Howard Hughes were worth $9,447,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in Howard Hughes by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,497,032 shares of the company’s stock worth $205,179,000 after buying an additional 9,102 shares during the last quarter. American Century Companies Inc. raised its position in Howard Hughes by 0.3% in the 3rd quarter. American Century Companies Inc. now owns 747,495 shares of the company’s stock worth $61,422,000 after buying an additional 2,595 shares during the last quarter. Crcm LP raised its position in Howard Hughes by 82.5% in the 3rd quarter. Crcm LP now owns 560,713 shares of the company’s stock worth $46,074,000 after buying an additional 253,490 shares during the last quarter. Russell Investments Group Ltd. raised its position in Howard Hughes by 98.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company’s stock worth $45,757,000 after buying an additional 276,083 shares during the last quarter. Finally, Norges Bank purchased a new position in Howard Hughes in the 4th quarter worth about $31,957,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

HHH has been the subject of a number of recent analyst reports. Wall Street Zen raised Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research lowered Howard Hughes from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Finally, Weiss Ratings lowered Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Sell” and an average target price of $85.00.

Insider Activity

In other Howard Hughes news, General Counsel Joseph Valane purchased 1,260 shares of Howard Hughes stock in a transaction dated Friday, March 13th. The stock was purchased at an average price of $64.45 per share, with a total value of $81,207.00. Following the transaction, the general counsel directly owned 29,209 shares of the company’s stock, valued at $1,882,520.05. This trade represents a 4.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Carman sold 1,500 shares of the company’s 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 directly owned 22,096 shares of the company’s stock, valued at $1,418,563.20. The trade was a 6.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 48.00% of the stock is owned by corporate insiders.

Howard Hughes Price Performance

NYSE HHH opened at $67.69 on Wednesday. Howard Hughes Holdings Inc. has a 52 week low of $61.01 and a 52 week high of $91.07. The firm has a market capitalization of $4.04 billion, a P/E ratio of 33.18 and a beta of 1.14. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.97. The company has a 50-day moving average price of $64.08 and a 200-day moving average price of $73.36.

Howard Hughes (NYSE:HHH) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.14 EPS 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 firm had revenue of $235.92 million during the quarter. During the same period in the previous year, the company earned $0.21 EPS. Howard Hughes’s revenue for the quarter was up 18.4% compared to the same quarter last year. Equities research analysts anticipate that Howard Hughes Holdings Inc. will post 3.01 earnings per share for the current 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.