Dimensional Fund Advisors LP Reduces Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Dimensional Fund Advisors LP lessened its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 2.0% in the 2nd quarter, Holdings Channel reports. The fund owned 2,495,600 shares of the company’s stock after selling 51,336 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Howard Hughes were worth $161,766,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Treasurer of the State of North Carolina grew its stake in Howard Hughes by 0.9% during the 4th quarter. Treasurer of the State of North Carolina now owns 14,926 shares of the company’s stock valued at $1,277,000 after acquiring an additional 140 shares in the last quarter. Arizona State Retirement System grew its stake in Howard Hughes by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 9,143 shares of the company’s stock valued at $593,000 after acquiring an additional 197 shares in the last quarter. LDR Capital Management LLC grew its stake in Howard Hughes by 1.9% during the 1st quarter. LDR Capital Management LLC now owns 17,491 shares of the company’s stock valued at $1,270,000 after acquiring an additional 321 shares in the last quarter. Beech Hill Advisors Inc. grew its stake in Howard Hughes by 5.6% during the 1st quarter. Beech Hill Advisors Inc. now owns 6,650 shares of the company’s stock valued at $483,000 after acquiring an additional 350 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in Howard Hughes during the 1st quarter valued at about $26,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Howard Hughes Stock Performance

Howard Hughes stock opened at $77.06 on Friday. The firm has a 50 day simple moving average of $72.20 and a 200-day simple moving average of $68.98. Howard Hughes Holdings Inc. has a 1-year low of $59.00 and a 1-year high of $86.72. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of -6.57 and a beta of 1.45.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.14. Howard Hughes had a negative net margin of 49.52% and a negative return on equity of 0.33%. The business had revenue of $317.40 million during the quarter, compared to analysts’ expectations of $239.73 million. During the same quarter in the prior year, the company posted ($0.39) EPS. The business’s revenue for the quarter was up 42.1% on a year-over-year basis. On average, analysts expect that Howard Hughes Holdings Inc. will post 3.05 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.