Point72 Asia Singapore Pte. Ltd. Reduces Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Point72 Asia Singapore Pte. Ltd. trimmed its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 70.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 412 shares of the company’s stock after selling 962 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Howard Hughes were worth $27,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Fidelis Capital Partners LLC acquired a new stake in shares of Howard Hughes in the first quarter valued at approximately $26,000. Headlands Technologies LLC increased its stake in shares of Howard Hughes by 897.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,336 shares of the company’s stock worth $87,000 after acquiring an additional 1,202 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Howard Hughes during the 2nd quarter worth $116,000. Quent Capital LLC raised its holdings in shares of Howard Hughes by 1,385.9% during the 1st quarter. Quent Capital LLC now owns 2,006 shares of the company’s stock worth $146,000 after acquiring an additional 1,871 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in shares of Howard Hughes during the 1st quarter valued at about $194,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

Howard Hughes Trading Down 0.1 %

Shares of Howard Hughes stock opened at $77.33 on Wednesday. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $86.72. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of -6.59 and a beta of 1.45. The stock has a 50 day moving average of $72.85 and a 200 day moving average of $68.98.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. Howard Hughes had a negative return on equity of 0.33% and a negative net margin of 49.52%. The firm had revenue of $317.40 million during the quarter, compared to the consensus estimate of $239.73 million. During the same period last year, the company earned ($0.39) EPS. The company’s quarterly revenue was up 42.1% on a year-over-year basis. As a group, research analysts predict that Howard Hughes Holdings Inc. will post 3.05 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reduced their target price on shares of Howard Hughes from $89.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, June 4th.

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.