Strs Ohio Has $1.32 Million Stake in Howard Hughes Holdings Inc. (NYSE:HHH)

Strs Ohio decreased its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 38.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,392 shares of the company’s stock after selling 9,469 shares during the quarter. Strs Ohio’s holdings in Howard Hughes were worth $1,316,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of HHH. International Assets Investment Management LLC bought a new stake in shares of Howard Hughes during the fourth quarter worth about $44,000. Baker Avenue Asset Management LP bought a new stake in shares of Howard Hughes during the third quarter worth about $45,000. Citigroup Inc. bought a new stake in shares of Howard Hughes during the third quarter worth about $48,000. Baystate Wealth Management LLC bought a new stake in shares of Howard Hughes during the fourth quarter worth about $68,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Howard Hughes during the third quarter worth about $73,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Insider Buying and Selling at Howard Hughes

In other news, insider Heath Melton sold 1,926 shares of Howard Hughes stock in a transaction on Friday, March 15th. The stock was sold at an average price of $72.95, for a total transaction of $140,501.70. Following the sale, the insider now directly owns 9,274 shares in the company, valued at approximately $676,538.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 33.00% of the company’s stock.

Analysts Set New Price Targets

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

Howard Hughes Price Performance

Shares of HHH opened at $61.78 on Tuesday. Howard Hughes Holdings Inc. has a 12-month low of $59.00 and a 12-month high of $86.72. The business’s fifty day moving average is $71.94 and its 200 day moving average is $74.80. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.73. The stock has a market cap of $3.10 billion, a P/E ratio of -5.55 and a beta of 1.48.

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 analysts’ consensus estimates of $0.44 by $0.25. Howard Hughes had a negative return on equity of 0.62% and a negative net margin of 53.88%. The company had revenue of $335.84 million for the quarter, compared to analysts’ expectations of $318.32 million. Sell-side analysts anticipate that Howard Hughes Holdings Inc. will post 2.69 earnings per share for the current fiscal year.

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.