Horizon Kinetics Asset Management LLC Has $38.39 Million Stock Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

Horizon Kinetics Asset Management LLC trimmed its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 495,811 shares of the company’s stock after selling 7,986 shares during the quarter. Howard Hughes makes up 0.6% of Horizon Kinetics Asset Management LLC’s portfolio, making the stock its 20th biggest position. Horizon Kinetics Asset Management LLC’s holdings in Howard Hughes were worth $38,391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. grew its position in shares of 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 buying an additional 356,025 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Howard Hughes by 81.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 337,440 shares of the company’s stock valued at $24,505,000 after acquiring an additional 151,341 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Howard Hughes by 50.0% during the 2nd quarter. Victory Capital Management Inc. now owns 312,181 shares of the company’s stock worth $20,236,000 after acquiring an additional 103,995 shares during the period. Impax Asset Management Group plc bought a new stake in shares of Howard Hughes during the 3rd quarter valued at $7,743,000. Finally, Empyrean Capital Partners LP bought a new stake in shares of Howard Hughes during the 2nd quarter valued at $4,862,000. 93.83% of the stock is owned by institutional investors.

Howard Hughes Stock Up 2.1 %

NYSE:HHH opened at $83.87 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. Howard Hughes Holdings Inc. has a 12-month low of $59.00 and a 12-month high of $86.72. The stock’s fifty day simple moving average is $77.96 and its 200-day simple moving average is $72.04. The firm has a market capitalization of $4.21 billion, a P/E ratio of 55.54 and a beta of 1.46.

Howard Hughes (NYSE:HHH) last posted its earnings results on Monday, November 4th. The company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $1.76. The company had revenue of $327.15 million during the quarter, compared to analyst estimates of $261.00 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The company’s revenue for the quarter was up 43.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.26) EPS. Equities research analysts expect that Howard Hughes Holdings Inc. will post 3.28 earnings per share 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.