Horizon Kinetics Asset Management LLC Trims Stock Holdings in Howard Hughes Holdings Inc. $HHH

Horizon Kinetics Asset Management LLC trimmed its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 293,360 shares of the company’s stock after selling 12,888 shares during the period. Horizon Kinetics Asset Management LLC owned approximately 0.49% of Howard Hughes worth $23,401,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Signaturefd LLC grew its stake in Howard Hughes by 41.5% in the 4th quarter. Signaturefd LLC now owns 423 shares of the company’s stock valued at $34,000 after buying an additional 124 shares in the last quarter. Huntington National Bank grew its stake in Howard Hughes by 134.1% in the 4th quarter. Huntington National Bank now owns 494 shares of the company’s stock valued at $39,000 after buying an additional 283 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Howard Hughes by 191.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after buying an additional 339 shares in the last quarter. Fifth Third Bancorp grew its stake in Howard Hughes by 37.2% in the 4th quarter. Fifth Third Bancorp now owns 572 shares of the company’s stock valued at $46,000 after buying an additional 155 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Howard Hughes by 56.1% in the 4th quarter. Allworth Financial LP now owns 662 shares of the company’s stock valued at $53,000 after buying an additional 238 shares in the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Howard Hughes

In related news, General Counsel Joseph Valane bought 1,260 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average cost of $64.45 per share, for a total transaction of $81,207.00. Following the completion of the transaction, the general counsel owned 29,209 shares of the company’s stock, valued at approximately $1,882,520.05. The trade was a 4.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Carman sold 1,500 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $64.20, for a total transaction of $96,300.00. Following the completion of the transaction, the insider owned 22,096 shares of the company’s stock, valued at $1,418,563.20. This trade represents a 6.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 48.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on HHH. Zacks Research lowered shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings lowered shares of Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Sell” and an average price target of $85.00.

Howard Hughes Stock Up 4.2%

HHH opened at $67.69 on Wednesday. Howard Hughes Holdings Inc. has a one year low of $61.01 and a one year high of $91.07. The company has a fifty day moving average price of $64.08 and a 200-day moving average price of $73.36. The firm has a market capitalization of $4.04 billion, a P/E ratio of 33.18 and a beta of 1.14. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.58 and a quick ratio of 1.58.

Howard Hughes (NYSE:HHH) last announced its earnings results on Thursday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. Howard Hughes had a net margin of 8.04% and a return on equity of 5.41%. The company had revenue of $235.92 million during the quarter. During the same quarter last year, the firm posted $0.21 earnings per share. The firm’s revenue was up 18.4% on a year-over-year basis. Equities research analysts expect that Howard Hughes Holdings Inc. will post 3.01 earnings per share for the current fiscal 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. Its MPCs segment develops, sells, and leases residential and commercial land designated for long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona.