Geode Capital Management LLC Lowers Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

Geode Capital Management LLC reduced its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 548,817 shares of the company’s stock after selling 14,174 shares during the period. Geode Capital Management LLC owned approximately 1.09% of Howard Hughes worth $42,506,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HHH. Bank of New York Mellon Corp boosted its stake in Howard Hughes by 7.5% during the second quarter. Bank of New York Mellon Corp now owns 109,407 shares of the company’s stock valued at $7,092,000 after buying an additional 7,602 shares during the period. Innealta Capital LLC bought a new stake in shares of Howard Hughes during the 2nd quarter valued at about $116,000. Ingalls & Snyder LLC grew its holdings in shares of Howard Hughes by 2.5% during the second quarter. Ingalls & Snyder LLC now owns 120,242 shares of the company’s stock worth $7,794,000 after purchasing an additional 2,903 shares in the last quarter. nVerses Capital LLC increased its position in shares of Howard Hughes by 1,600.0% in the second quarter. nVerses Capital LLC now owns 3,400 shares of the company’s stock worth $220,000 after purchasing an additional 3,200 shares during the last quarter. Finally, ACR Alpine Capital Research LLC raised its stake in Howard Hughes by 4.0% in the second quarter. ACR Alpine Capital Research LLC now owns 28,581 shares of the company’s stock valued at $1,853,000 after purchasing an additional 1,102 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Price Performance

HHH stock opened at $76.40 on Tuesday. The firm has a 50 day simple moving average of $80.69 and a two-hundred day simple moving average of $74.53. The stock has a market cap of $3.83 billion, a PE ratio of 50.60 and a beta of 1.48. Howard Hughes Holdings Inc. has a one year low of $59.00 and a one year high of $87.77. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08.

Howard Hughes (NYSE:HHH) last released its 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 business 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) earnings per share. The firm’s revenue was up 43.2% on a year-over-year basis. On average, analysts predict that Howard Hughes Holdings Inc. will post 3.28 EPS 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.