Amalgamated Bank Sells 3,225 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Amalgamated Bank decreased its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 65.5% during the second quarter, HoldingsChannel reports. The firm owned 1,696 shares of the company’s stock after selling 3,225 shares during the quarter. Amalgamated Bank’s holdings in Howard Hughes were worth $110,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Fidelis Capital Partners LLC acquired a new position in Howard Hughes during the first quarter worth $26,000. Headlands Technologies LLC lifted its position in Howard Hughes by 897.0% during the 2nd quarter. Headlands Technologies LLC now owns 1,336 shares of the company’s stock worth $87,000 after buying an additional 1,202 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Howard Hughes during the 2nd quarter valued at $116,000. Quent Capital LLC increased its holdings in Howard Hughes by 1,385.9% in the first quarter. Quent Capital LLC now owns 2,006 shares of the company’s stock valued at $146,000 after purchasing an additional 1,871 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Howard Hughes in the first quarter valued at about $194,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Stock Down 0.1 %

HHH stock opened at $77.33 on Wednesday. Howard Hughes Holdings Inc. has a twelve month low of $59.00 and a twelve month high of $86.72. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.82. The company has a market cap of $3.89 billion, a price-to-earnings ratio of -6.59 and a beta of 1.45. The business has a 50 day moving average price of $72.85 and a two-hundred day moving average price of $68.98.

Howard Hughes (NYSE:HHH) last announced its earnings results on Friday, July 26th. The company reported $0.42 EPS for the quarter, topping 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 company had revenue of $317.40 million for the quarter, compared to analysts’ expectations of $239.73 million. During the same period last year, the firm earned ($0.39) earnings per share. The business’s revenue for the quarter was up 42.1% on a year-over-year basis. Analysts anticipate that Howard Hughes Holdings Inc. will post 3.05 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.