River Road Asset Management LLC Cuts Stock Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

River Road Asset Management LLC trimmed its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,099 shares of the company’s stock after selling 1,439 shares during the period. River Road Asset Management LLC owned about 0.12% of Howard Hughes worth $5,056,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Howard Hughes during the fourth quarter worth about $44,000. Baker Avenue Asset Management LP purchased a new stake in shares of Howard Hughes during the third quarter worth about $45,000. Citigroup Inc. purchased a new stake in shares of Howard Hughes during the third quarter worth about $48,000. Baystate Wealth Management LLC purchased a new stake in shares of Howard Hughes during the fourth quarter worth about $68,000. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Howard Hughes during the third quarter worth about $73,000. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HHH. TheStreet upgraded shares of Howard Hughes from a “d+” rating to a “c-” rating in a report on Friday, December 22nd. JPMorgan Chase & Co. dropped their target price on shares of Howard Hughes from $90.00 to $84.00 and set an “overweight” rating for the company in a report on Tuesday.

Howard Hughes Trading Up 1.5 %

Shares of NYSE HHH opened at $60.30 on Thursday. Howard Hughes Holdings Inc. has a fifty-two week low of $59.15 and a fifty-two week high of $86.72. The company has a 50 day simple moving average of $72.63 and a two-hundred day simple moving average of $74.93. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.73.

Howard Hughes (NYSE:HHH) last announced its earnings results on Tuesday, February 27th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.25. The business had revenue of $335.84 million during the quarter, compared to the consensus estimate of $318.32 million. Howard Hughes had a negative net margin of 53.88% and a negative return on equity of 0.62%. On average, analysts forecast that Howard Hughes Holdings Inc. will post 3.63 EPS for the current year.

Insider Activity at Howard Hughes

In related news, insider Heath Melton sold 1,926 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $72.95, for a total transaction of $140,501.70. Following the completion of the sale, the insider now 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 through this hyperlink. 33.00% of the stock is owned by insiders.

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.