Principal Financial Group Inc. Sells 1,130,243 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Principal Financial Group Inc. lowered its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 99.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,149 shares of the company’s stock after selling 1,130,243 shares during the period. Principal Financial Group Inc.’s holdings in Howard Hughes were worth $321,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. US Bancorp DE lifted its holdings in Howard Hughes by 16.2% in the 3rd quarter. US Bancorp DE now owns 1,364 shares of the company’s stock worth $106,000 after buying an additional 190 shares during the period. Arizona State Retirement System increased its position in Howard Hughes by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 9,143 shares of the company’s stock valued at $593,000 after buying an additional 197 shares in the last quarter. Hsbc Holdings PLC increased its position in Howard Hughes by 0.4% during the 2nd quarter. Hsbc Holdings PLC now owns 52,235 shares of the company’s stock valued at $3,359,000 after buying an additional 227 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Howard Hughes by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,764 shares of the company’s stock valued at $827,000 after buying an additional 395 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Howard Hughes by 1.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,210 shares of the company’s stock valued at $1,759,000 after buying an additional 398 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Howard Hughes Stock Up 2.1 %

HHH stock opened at $83.87 on Monday. Howard Hughes Holdings Inc. has a twelve month low of $59.00 and a twelve month high of $86.72. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. The firm has a market cap of $4.21 billion, a PE ratio of 55.54 and a beta of 1.46. The business has a 50 day moving average of $77.96 and a 200 day moving average of $72.04.

Howard Hughes (NYSE:HHH) last posted its earnings results on Monday, November 4th. The company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $1.76. The business had revenue of $327.15 million during the quarter, compared to analyst estimates of $261.00 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The company’s quarterly revenue was up 43.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.26) EPS. On average, research analysts forecast that Howard Hughes Holdings Inc. will post 3.28 EPS for the current fiscal 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.