Candriam S.C.A. Sells 137,189 Shares of Howard Hughes Holdings Inc. $HHH

Candriam S.C.A. decreased its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 90.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,757 shares of the company’s stock after selling 137,189 shares during the quarter. Candriam S.C.A.’s holdings in Howard Hughes were worth $1,213,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in HHH. Norges Bank acquired a new position in Howard Hughes in the second quarter worth $25,951,000. Northern Right Capital Management L.P. bought a new stake in Howard Hughes during the 2nd quarter worth about $17,641,000. Millennium Management LLC increased its position in Howard Hughes by 2,368.8% in the 1st quarter. Millennium Management LLC now owns 165,926 shares of the company’s stock valued at $12,292,000 after acquiring an additional 159,205 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of Howard Hughes in the second quarter worth about $9,429,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Howard Hughes by 814.8% in the second quarter. Ameriprise Financial Inc. now owns 112,319 shares of the company’s stock worth $7,582,000 after acquiring an additional 100,041 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Insider Transactions at Howard Hughes

In related news, Director R Scot Sellers bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was bought at an average cost of $77.94 per share, for a total transaction of $389,700.00. Following the transaction, the director owned 67,517 shares of the company’s stock, valued at $5,262,274.98. This represents a 8.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Ann Tighe sold 6,000 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $88.83, for a total transaction of $532,980.00. Following the completion of the sale, the director owned 13,495 shares in the company, valued at $1,198,760.85. This represents a 30.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 48.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HHH has been the subject of a number of research reports. Zacks Research lowered shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of Howard Hughes in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $83.33.

Howard Hughes Price Performance

HHH opened at $80.85 on Friday. The company has a fifty day moving average price of $81.80 and a two-hundred day moving average price of $80.34. The firm has a market capitalization of $4.80 billion, a PE ratio of 15.76 and a beta of 1.24. Howard Hughes Holdings Inc. has a 52 week low of $61.40 and a 52 week high of $91.07. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.18 and a current ratio of 1.18.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results on Monday, November 10th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.46. Howard Hughes had a return on equity of 11.06% and a net margin of 14.95%.The business had revenue of $390.24 million for the quarter, compared to analyst estimates of $331.52 million. During the same period last year, the company earned $1.95 EPS. The firm’s revenue was up 19.3% on a year-over-year basis. As a group, analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 earnings per share 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.