Impax Asset Management Group plc Trims Stock Holdings in Howard Hughes Holdings Inc. $HHH

Impax Asset Management Group plc lowered its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 10.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 235,000 shares of the company’s stock after selling 27,705 shares during the quarter. Impax Asset Management Group plc owned about 0.47% of Howard Hughes worth $15,862,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HHH. Allworth Financial LP increased its stake in shares of Howard Hughes by 134.2% in the 2nd quarter. Allworth Financial LP now owns 363 shares of the company’s stock worth $25,000 after acquiring an additional 208 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Howard Hughes by 910.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 394 shares of the company’s stock worth $29,000 after purchasing an additional 355 shares during the period. National Bank of Canada FI bought a new position in shares of Howard Hughes during the first quarter valued at approximately $37,000. Larson Financial Group LLC increased its stake in shares of Howard Hughes by 2,290.9% during the first quarter. Larson Financial Group LLC now owns 526 shares of the company’s stock valued at $39,000 after purchasing an additional 504 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in shares of Howard Hughes by 14,500.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 876 shares of the company’s stock worth $65,000 after purchasing an additional 870 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on HHH shares. JPMorgan Chase & Co. upped their price target on Howard Hughes from $76.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Zacks Research cut Howard Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Howard Hughes in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Howard Hughes from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.33.

Howard Hughes Trading Down 1.0%

Howard Hughes stock opened at $87.04 on Friday. Howard Hughes Holdings Inc. has a one year low of $61.40 and a one year high of $90.27. The business’s fifty day moving average is $81.42 and its 200 day moving average is $74.07. The stock has a market capitalization of $5.17 billion, a PE ratio of 19.05 and a beta of 1.27. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.18 and a quick ratio of 1.18.

Howard Hughes (NYSE:HHH) last posted its earnings results on Monday, November 10th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.46. The business had revenue of $390.24 million for the quarter, compared to analysts’ expectations of $331.52 million. Howard Hughes had a net margin of 12.85% and a return on equity of 10.51%. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.95 EPS. On average, sell-side analysts predict that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

Insiders Place Their Bets

In related news, Director Anthony Williams sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $79.58, for a total value of $87,538.00. Following the sale, the director owned 8,102 shares in the company, valued at approximately $644,757.16. This trade represents a 11.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 48.00% of the stock is currently owned by company insiders.

About Howard Hughes

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.