Point72 Asia Singapore Pte. Ltd. Cuts Stock Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Point72 Asia Singapore Pte. Ltd. trimmed its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 70.0% in the second quarter, HoldingsChannel.com reports. The fund owned 412 shares of the company’s stock after selling 962 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Howard Hughes were worth $27,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HHH. 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 worth $1,277,000 after purchasing an additional 140 shares in the last quarter. Arizona State Retirement System increased its position in shares of Howard Hughes by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 9,143 shares of the company’s stock valued at $593,000 after purchasing an additional 197 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of Howard Hughes by 0.4% in the 2nd quarter. Hsbc Holdings PLC now owns 52,235 shares of the company’s stock valued at $3,359,000 after purchasing an additional 227 shares in the last quarter. LDR Capital Management LLC lifted its position in shares of Howard Hughes by 1.9% during the 1st quarter. LDR Capital Management LLC now owns 17,491 shares of the company’s stock worth $1,270,000 after purchasing an additional 321 shares during the last quarter. Finally, Beech Hill Advisors Inc. grew its stake in shares of Howard Hughes by 5.6% during the first quarter. Beech Hill Advisors Inc. now owns 6,650 shares of the company’s stock worth $483,000 after purchasing an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Howard Hughes Trading Down 0.1 %

NYSE:HHH opened at $77.33 on Wednesday. The company has a market capitalization of $3.89 billion, a PE ratio of -6.59 and a beta of 1.45. Howard Hughes Holdings Inc. has a 52-week low of $59.00 and a 52-week high of $86.72. The stock’s 50 day moving average price is $72.85 and its 200 day moving average price is $68.98. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.82.

Howard Hughes (NYSE:HHH) last announced its earnings results on Friday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. The business had revenue of $317.40 million for the quarter, compared to analyst estimates of $239.73 million. Howard Hughes had a negative net margin of 49.52% and a negative return on equity of 0.33%. The company’s revenue for the quarter was up 42.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.39) earnings per share. On average, research analysts anticipate that Howard Hughes Holdings Inc. will post 3.05 EPS for the current year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group decreased their target price on 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.