California Public Employees Retirement System Sells 9,099 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

California Public Employees Retirement System lowered its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 11.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 69,940 shares of the company’s stock after selling 9,099 shares during the quarter. California Public Employees Retirement System’s holdings in Howard Hughes were worth $5,983,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HHH. Vanguard Group Inc. bought a new stake in shares of Howard Hughes in the 3rd quarter worth about $359,181,000. Baillie Gifford & Co. bought a new stake in shares of Howard Hughes in the 3rd quarter worth about $188,891,000. Principal Financial Group Inc. bought a new stake in shares of Howard Hughes in the 3rd quarter worth about $156,887,000. Brandywine Global Investment Management LLC bought a new stake in shares of Howard Hughes in the 3rd quarter worth about $44,577,000. Finally, Jennison Associates LLC bought a new stake in shares of Howard Hughes in the 3rd quarter worth about $34,301,000. Institutional investors own 93.83% of the company’s stock.

Insider Transactions at Howard Hughes

In related news, insider Heath Melton sold 1,926 shares of the business’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 completion of the transaction, 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 accessible through this link. Corporate insiders own 33.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered 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, April 16th.

Howard Hughes Stock Performance

HHH stock opened at $67.01 on Friday. The company has a market capitalization of $3.37 billion, a PE ratio of -6.02 and a beta of 1.49. Howard Hughes Holdings Inc. has a 12 month low of $59.00 and a 12 month high of $86.72. The firm’s 50-day moving average is $69.47 and its 200 day moving average is $74.46. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.60 and a quick ratio of 1.60.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.44 by $0.25. The company 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%. On average, research analysts anticipate that Howard Hughes Holdings Inc. will post 2.69 EPS for the current 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.