Motley Fool Asset Management LLC Sells 23,828 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Motley Fool Asset Management LLC cut its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 73.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,507 shares of the company’s stock after selling 23,828 shares during the period. Motley Fool Asset Management LLC’s holdings in Howard Hughes were worth $728,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new position in shares of Howard Hughes in the third quarter valued at about $359,181,000. Baillie Gifford & Co. purchased a new position in shares of Howard Hughes during the third quarter valued at about $188,891,000. Principal Financial Group Inc. purchased a new position in shares of Howard Hughes during the third quarter valued at about $156,887,000. New South Capital Management Inc. purchased a new position in shares of Howard Hughes during the third quarter valued at about $47,706,000. Finally, Brandywine Global Investment Management LLC purchased a new position in shares of Howard Hughes during the third quarter valued at about $44,577,000. 93.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at Howard Hughes

In other news, insider Heath Melton sold 1,926 shares of the company’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 value of $140,501.70. Following the transaction, the insider now owns 9,274 shares in the company, valued at $676,538.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 33.00% of the company’s stock.

Howard Hughes Stock Up 1.0 %

Shares of NYSE HHH traded up $0.62 during midday trading on Friday, hitting $64.37. The stock had a trading volume of 278,144 shares, compared to its average volume of 308,404. The business’s 50 day moving average is $70.84 and its 200-day moving average is $74.57. The company has a market cap of $3.23 billion, a P/E ratio of -5.73 and a beta of 1.48. Howard Hughes Holdings Inc. has a 52 week low of $59.00 and a 52 week high of $86.72. 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 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. The firm had revenue of $335.84 million for 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%. As a group, analysts predict that Howard Hughes Holdings Inc. will post 2.69 EPS for the current year.

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.