Howard Hughes Holdings Inc. $HHH Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC lowered its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 13.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 521,477 shares of the company’s stock after selling 81,022 shares during the quarter. River Road Asset Management LLC’s holdings in Howard Hughes were worth $41,598,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Stone Wealth Partners acquired a new stake in shares of Howard Hughes in the fourth quarter valued at $281,000. Virtu Financial LLC acquired a new position in Howard Hughes during the 4th quarter worth $279,000. Mcguire Capital Advisors Inc. acquired a new position in Howard Hughes during the 4th quarter worth $171,000. Compound Planning Inc. purchased a new stake in Howard Hughes during the 4th quarter worth about $200,000. Finally, Invesco Ltd. raised its position in Howard Hughes by 1.2% in the 4th quarter. Invesco Ltd. now owns 75,921 shares of the company’s stock valued at $6,056,000 after purchasing an additional 936 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Howard Hughes Stock Performance

NYSE:HHH opened at $66.94 on Friday. The firm has a market capitalization of $3.99 billion, a PE ratio of 32.82 and a beta of 1.14. The business’s fifty day moving average price is $64.60 and its 200 day moving average price is $72.36. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.58 and a quick ratio of 1.58. Howard Hughes Holdings Inc. has a 12 month low of $61.01 and a 12 month high of $91.07.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $235.92 million for the quarter. Howard Hughes had a return on equity of 5.41% and a net margin of 8.04%.The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 earnings per share. On average, sell-side analysts anticipate that Howard Hughes Holdings Inc. will post 3.01 earnings per share for the current fiscal year.

Insider Activity at Howard Hughes

In other news, insider James Carman sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $64.20, for a total transaction of $96,300.00. Following the sale, the insider owned 22,096 shares of the company’s stock, valued at approximately $1,418,563.20. This trade represents a 6.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 48.00% of the company’s stock.

Analysts Set New Price Targets

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

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. 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.