Pinnacle Financial Partners Inc Sells 5,392 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Pinnacle Financial Partners Inc decreased its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 20.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,572 shares of the company’s stock after selling 5,392 shares during the period. Pinnacle Financial Partners Inc’s holdings in Howard Hughes were worth $1,636,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Howard Hughes in the fourth quarter worth about $511,000. Bank of New York Mellon Corp raised its position in Howard Hughes by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 111,834 shares of the company’s stock worth $8,602,000 after purchasing an additional 5,356 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in Howard Hughes by 143.3% during the 4th quarter. Proficio Capital Partners LLC now owns 35,376 shares of the company’s stock worth $2,721,000 after buying an additional 20,836 shares in the last quarter. US Bancorp DE boosted its position in Howard Hughes by 30.7% in the 4th quarter. US Bancorp DE now owns 1,783 shares of the company’s stock valued at $137,000 after buying an additional 419 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new position in Howard Hughes in the 4th quarter valued at $40,000. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Trading Up 0.6%

Shares of NYSE HHH opened at $69.39 on Friday. Howard Hughes Holdings Inc. has a fifty-two week low of $59.83 and a fifty-two week high of $87.77. The firm has a market capitalization of $3.50 billion, a P/E ratio of 13.32 and a beta of 1.21. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.41 and a quick ratio of 1.41. The company’s 50 day simple moving average is $68.77 and its 200 day simple moving average is $72.10.

Howard Hughes (NYSE:HHH) last issued its earnings results on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. Howard Hughes had a net margin of 14.27% and a return on equity of 10.21%. The company had revenue of $199.33 million during the quarter, compared to analysts’ expectations of $187.43 million. The business’s revenue was up 27.3% compared to the same quarter last year. On average, analysts predict that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HHH shares. BMO Capital Markets cut their price target on Howard Hughes from $85.00 to $80.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. JPMorgan Chase & Co. lowered Howard Hughes from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $82.00 to $76.00 in a research report on Monday, June 23rd. Finally, Piper Sandler cut their target price on shares of Howard Hughes from $105.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, May 23rd.

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.