Rule One Partners LLC Lowers Stock Holdings in Howard Hughes Holdings Inc. $HHH

Rule One Partners LLC lowered its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 92.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,001 shares of the company’s stock after selling 150,000 shares during the period. Howard Hughes accounts for approximately 0.1% of Rule One Partners LLC’s investment portfolio, making the stock its 9th biggest holding. Rule One Partners LLC’s holdings in Howard Hughes were worth $957,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in Howard Hughes during the fourth quarter worth approximately $511,000. Royal Bank of Canada grew its position in Howard Hughes by 1,900.6% during the first quarter. Royal Bank of Canada now owns 99,248 shares of the company’s stock worth $7,353,000 after buying an additional 94,287 shares in the last quarter. Millennium Management LLC grew its position in Howard Hughes by 2,368.8% during the first quarter. Millennium Management LLC now owns 165,926 shares of the company’s stock worth $12,292,000 after buying an additional 159,205 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Howard Hughes by 26.7% during the first quarter. Goldman Sachs Group Inc. now owns 118,589 shares of the company’s stock worth $8,785,000 after buying an additional 25,001 shares in the last quarter. Finally, Focus Partners Wealth acquired a new stake in Howard Hughes during the first quarter worth approximately $254,000. Institutional investors own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HHH shares. Zacks Research downgraded Howard Hughes from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Weiss Ratings cut Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. Finally, Wall Street Zen upgraded Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Sell” and a consensus target price of $85.00.

Insider Buying and Selling at Howard Hughes

In other Howard Hughes news, insider James Carman sold 1,500 shares of Howard Hughes stock in a transaction on Friday, May 15th. The shares were sold at an average price of $64.20, for a total value of $96,300.00. Following the completion of the sale, the insider directly owned 22,096 shares of the company’s stock, valued at approximately $1,418,563.20. The trade was a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Joseph Valane purchased 1,260 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $64.45 per share, with a total value of $81,207.00. Following the completion of the purchase, the general counsel owned 29,209 shares of the company’s stock, valued at approximately $1,882,520.05. This represents a 4.51% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 48.00% of the company’s stock.

Howard Hughes Stock Performance

Shares of Howard Hughes stock opened at $64.91 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.97. Howard Hughes Holdings Inc. has a twelve month low of $61.01 and a twelve month high of $91.07. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 31.82 and a beta of 1.14. The company’s fifty day moving average is $63.97 and its 200 day moving average is $73.46.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. The company had revenue of $235.92 million for the quarter. Howard Hughes had a net margin of 8.04% and a return on equity of 5.41%. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 EPS. Sell-side analysts forecast that Howard Hughes Holdings Inc. will post 3.01 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. 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.