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

Principal Financial Group Inc. decreased its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 99.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,149 shares of the company’s stock after selling 1,130,243 shares during the quarter. Principal Financial Group Inc.’s holdings in Howard Hughes were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE grew its holdings in Howard Hughes by 16.2% during the third quarter. US Bancorp DE now owns 1,364 shares of the company’s stock worth $106,000 after buying an additional 190 shares in the last quarter. Arizona State Retirement System grew its holdings in Howard Hughes by 2.2% during the second quarter. Arizona State Retirement System now owns 9,143 shares of the company’s stock worth $593,000 after buying an additional 197 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Howard Hughes by 0.4% during the second quarter. Hsbc Holdings PLC now owns 52,235 shares of the company’s stock worth $3,359,000 after buying an additional 227 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Howard Hughes by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 12,764 shares of the company’s stock worth $827,000 after buying an additional 395 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Howard Hughes by 1.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,210 shares of the company’s stock worth $1,759,000 after buying an additional 398 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Stock Up 2.1 %

HHH stock opened at $83.87 on Monday. The stock’s fifty day simple moving average is $77.96 and its two-hundred day simple moving average is $72.04. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98. Howard Hughes Holdings Inc. has a 1-year low of $59.00 and a 1-year high of $86.72. The stock has a market cap of $4.21 billion, a P/E ratio of 55.54 and a beta of 1.46.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $1.76. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The firm had revenue of $327.15 million for the quarter, compared to analysts’ expectations of $261.00 million. During the same quarter in the prior year, the firm earned ($0.26) EPS. The business’s revenue for the quarter was up 43.2% compared to the same quarter last year. Analysts expect that Howard Hughes Holdings Inc. will post 3.28 EPS 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.