SG Americas Securities LLC Sells 45,990 Shares of Howard Hughes Holdings Inc. $HHH

SG Americas Securities LLC reduced its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 93.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,002 shares of the company’s stock after selling 45,990 shares during the quarter. SG Americas Securities LLC’s holdings in Howard Hughes were worth $190,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HHH. Brighton Jones LLC bought a new position in Howard Hughes during the fourth quarter valued at about $511,000. Royal Bank of Canada lifted its position in Howard Hughes by 1,900.6% in the first quarter. Royal Bank of Canada now owns 99,248 shares of the company’s stock worth $7,353,000 after purchasing an additional 94,287 shares during the period. Millennium Management LLC increased its holdings in Howard Hughes by 2,368.8% in the 1st quarter. Millennium Management LLC now owns 165,926 shares of the company’s stock valued at $12,292,000 after buying an additional 159,205 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Howard Hughes by 26.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 118,589 shares of the company’s stock valued at $8,785,000 after buying an additional 25,001 shares in the last quarter. Finally, Focus Partners Wealth bought a new position in shares of Howard Hughes during the 1st quarter worth about $254,000. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Trading Down 0.1%

NYSE:HHH traded down $0.04 during trading hours on Friday, hitting $72.00. 277,812 shares of the stock were exchanged, compared to its average volume of 399,522. The company has a market capitalization of $4.29 billion, a P/E ratio of 35.29 and a beta of 1.12. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.97. The company’s 50 day moving average is $66.81 and its two-hundred day moving average is $70.92. Howard Hughes Holdings Inc. has a twelve month low of $61.01 and a twelve month high of $91.07.

Howard Hughes (NYSE:HHH) last released its earnings results on Thursday, May 7th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $235.92 million during the quarter. Howard Hughes had a return on equity of 5.41% and a net margin of 8.04%.The company’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. On average, sell-side analysts anticipate that Howard Hughes Holdings Inc. will post 3.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings cut shares of Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 6th. Zacks Research raised shares of Howard Hughes from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Howard Hughes currently has a consensus rating of “Reduce” and an average price target of $85.00.

Insider Activity at Howard Hughes

In related news, insider James Carman sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $64.20, for a total transaction of $96,300.00. Following the completion of the sale, the insider directly owned 22,096 shares of the company’s stock, valued at $1,418,563.20. The trade was a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 48.00% of the stock is currently owned by corporate insiders.

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. 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.