Truist Financial Corp Sells 8,545 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Truist Financial Corp lessened its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 38.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,510 shares of the company’s stock after selling 8,545 shares during the quarter. Truist Financial Corp’s holdings in Howard Hughes were worth $876,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Donald Smith & CO. Inc. grew its position in Howard Hughes by 27.5% during the 2nd quarter. Donald Smith & CO. Inc. now owns 1,652,046 shares of the company’s stock worth $107,086,000 after acquiring an additional 356,025 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Howard Hughes by 81.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 337,440 shares of the company’s stock worth $24,505,000 after purchasing an additional 151,341 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Howard Hughes by 50.0% in the second quarter. Victory Capital Management Inc. now owns 312,181 shares of the company’s stock valued at $20,236,000 after buying an additional 103,995 shares during the period. Empyrean Capital Partners LP bought a new position in Howard Hughes in the 2nd quarter valued at approximately $4,862,000. Finally, Annandale Capital LLC acquired a new stake in Howard Hughes during the 2nd quarter worth approximately $3,241,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Trading Up 0.1 %

Shares of NYSE HHH opened at $77.03 on Tuesday. The firm has a 50 day moving average price of $73.84 and a two-hundred day moving average price of $69.28. The stock has a market cap of $3.87 billion, a P/E ratio of -6.56 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 company has a debt-to-equity ratio of 1.82, a quick ratio of 1.35 and a current ratio of 1.35.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings data on Friday, July 26th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14. The business had revenue of $317.40 million during the quarter, compared to the consensus estimate of $239.73 million. Howard Hughes had a negative return on equity of 0.33% and a negative net margin of 49.52%. Howard Hughes’s quarterly revenue was up 42.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.39) earnings per share. As a group, equities analysts forecast that Howard Hughes Holdings Inc. will post 3.28 EPS for the current year.

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.