Howard Hughes Holdings Inc. $HHH Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 38.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,654 shares of the company’s stock after selling 84,395 shares during the quarter. Victory Capital Management Inc. owned approximately 0.23% of Howard Hughes worth $11,065,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System raised its stake in Howard Hughes by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 9,666 shares of the company’s stock valued at $794,000 after acquiring an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Howard Hughes by 28.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 665 shares of the company’s stock valued at $55,000 after buying an additional 149 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Howard Hughes by 0.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 33,098 shares of the company’s stock worth $2,234,000 after buying an additional 160 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Howard Hughes by 134.2% in the second quarter. Allworth Financial LP now owns 363 shares of the company’s stock valued at $25,000 after acquiring an additional 208 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Howard Hughes by 0.7% during the second quarter. California State Teachers Retirement System now owns 30,098 shares of the company’s stock valued at $2,032,000 after acquiring an additional 217 shares during the period. 93.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Howard Hughes news, Director R Scot Sellers acquired 5,000 shares of Howard Hughes stock in a transaction that occurred on Tuesday, December 23rd. The stock was purchased at an average cost of $77.94 per share, with a total value of $389,700.00. Following the purchase, the director owned 67,517 shares in the company, valued at approximately $5,262,274.98. The trade was a 8.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 48.00% of the company’s stock.

Analyst Ratings Changes

HHH has been the topic of a number of research reports. Wall Street Zen raised Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings restated a “hold (c)” rating on shares of Howard Hughes in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $83.33.

Howard Hughes Price Performance

HHH stock opened at $63.45 on Thursday. The firm has a 50-day moving average of $78.69 and a two-hundred day moving average of $80.71. The firm has a market capitalization of $3.78 billion, a PE ratio of 30.07 and a beta of 1.25. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.73. Howard Hughes Holdings Inc. has a one year low of $61.40 and a one year high of $91.07.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings data on Thursday, February 19th. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $1.26. The firm had revenue of $624.45 million during the quarter. Howard Hughes had a net margin of 8.40% and a return on equity of 5.54%. The company’s revenue for the quarter was down 36.5% on a year-over-year basis. During the same period in the prior year, the business posted $3.25 EPS. On average, analysts forecast that Howard Hughes Holdings Inc. will post 3.7 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.