Principal Financial Group Inc. Lowers Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

Principal Financial Group Inc. decreased its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,722 shares of the company’s stock after selling 427 shares during the period. Principal Financial Group Inc.’s holdings in Howard Hughes were worth $286,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Howard Hughes by 225.6% during the third quarter. JPMorgan Chase & Co. now owns 487,092 shares of the company’s stock worth $37,716,000 after buying an additional 337,514 shares during the period. Rule One Partners LLC purchased a new stake in Howard Hughes during the third quarter worth $12,544,000. Impax Asset Management Group plc purchased a new stake in Howard Hughes during the third quarter worth $7,743,000. Jacobs Levy Equity Management Inc. lifted its holdings in Howard Hughes by 22.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 456,083 shares of the company’s stock worth $35,315,000 after buying an additional 82,746 shares during the period. Finally, Zacks Investment Management purchased a new stake in Howard Hughes during the third quarter worth $5,418,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Howard Hughes Stock Up 0.1 %

Howard Hughes stock opened at $74.92 on Friday. The business has a fifty day moving average of $75.94 and a two-hundred day moving average of $77.44. 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 $3.78 billion, a P/E ratio of 49.62 and a beta of 1.48. Howard Hughes Holdings Inc. has a twelve month low of $59.00 and a twelve month high of $87.77.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.40. The business had revenue of $983.59 million for the quarter, compared to the consensus estimate of $949.18 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. On average, analysts forecast that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal 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.