Howard Hughes Holdings Inc. $HHH Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC cut its stake in Howard Hughes Holdings Inc. (NYSE:HHH) by 19.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,509 shares of the company’s stock after selling 21,789 shares during the period. Ingalls & Snyder LLC’s holdings in Howard Hughes were worth $7,273,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP boosted its position in shares of Howard Hughes by 134.2% in the second quarter. Allworth Financial LP now owns 363 shares of the company’s stock worth $25,000 after buying an additional 208 shares during the period. TD Waterhouse Canada Inc. raised its holdings in shares of Howard Hughes by 291.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 391 shares of the company’s stock valued at $27,000 after buying an additional 291 shares during the period. Global Retirement Partners LLC acquired a new position in Howard Hughes during the 3rd quarter worth approximately $31,000. EverSource Wealth Advisors LLC lifted its position in Howard Hughes by 191.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock worth $35,000 after acquiring an additional 339 shares in the last quarter. Finally, CWM LLC boosted its holdings in Howard Hughes by 69.6% in the 3rd quarter. CWM LLC now owns 665 shares of the company’s stock worth $55,000 after acquiring an additional 273 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Howard Hughes

In other news, Director Mary Ann Tighe sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $88.83, for a total value of $532,980.00. Following the completion of the sale, the director owned 13,495 shares of the company’s stock, valued at approximately $1,198,760.85. The trade was a 30.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R Scot Sellers acquired 5,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were purchased at an average price of $77.94 per share, for a total transaction of $389,700.00. Following the purchase, the director directly owned 67,517 shares of the company’s stock, valued at $5,262,274.98. This represents a 8.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 48.00% of the company’s stock.

Howard Hughes Stock Performance

Shares of HHH opened at $82.81 on Wednesday. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 16.14 and a beta of 1.24. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. The business’s 50 day moving average is $81.63 and its two-hundred day moving average is $80.78. Howard Hughes Holdings Inc. has a 52-week low of $61.40 and a 52-week high of $91.07.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Zacks Research downgraded shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Howard Hughes in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.33.

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.