Howard Hughes Holdings Inc. (NYSE:HHH) Stock Holdings Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 99.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 large investors have also recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. boosted its holdings in shares of Howard Hughes by 27.5% in the second quarter. Donald Smith & CO. Inc. now owns 1,652,046 shares of the company’s stock valued at $107,086,000 after acquiring an additional 356,025 shares in the last quarter. Rule One Partners LLC purchased a new stake in shares of Howard Hughes during the third quarter worth $12,544,000. Victory Capital Management Inc. grew its stake in shares of Howard Hughes by 50.0% in the 2nd quarter. Victory Capital Management Inc. now owns 312,181 shares of the company’s stock valued at $20,236,000 after buying an additional 103,995 shares in the last quarter. Impax Asset Management Group plc bought a new stake in Howard Hughes in the third quarter worth $7,743,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Howard Hughes by 22.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 456,083 shares of the company’s stock valued at $35,315,000 after acquiring an additional 82,746 shares in the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

Howard Hughes Stock Performance

Shares of HHH opened at $75.37 on Tuesday. The company’s fifty day moving average price is $80.68 and its 200 day moving average price is $75.23. Howard Hughes Holdings Inc. has a one year low of $59.00 and a one year high of $87.77. The company has a market capitalization of $3.78 billion, a PE ratio of 49.91 and a beta of 1.48. 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 earnings per share for the quarter, topping 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 the consensus estimate of $261.00 million. During the same period last year, the business earned ($0.26) earnings per share. The firm’s revenue for the quarter was up 43.2% compared to the same quarter last year. As a group, analysts expect that Howard Hughes Holdings Inc. will post 3.28 earnings per share for the current 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.