ArrowMark Colorado Holdings LLC Reduces Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

ArrowMark Colorado Holdings LLC lessened its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 9.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 149,400 shares of the company’s stock after selling 16,500 shares during the period. ArrowMark Colorado Holdings LLC owned 0.30% of Howard Hughes worth $11,568,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bridges Investment Management Inc. acquired a new position in Howard Hughes in the 2nd quarter valued at $428,000. XTX Topco Ltd increased its stake in Howard Hughes by 225.1% in the second quarter. XTX Topco Ltd now owns 10,529 shares of the company’s stock valued at $682,000 after purchasing an additional 7,290 shares during the last quarter. Victory Capital Management Inc. lifted its position in Howard Hughes by 50.0% during the second quarter. Victory Capital Management Inc. now owns 312,181 shares of the company’s stock worth $20,236,000 after buying an additional 103,995 shares during the period. Bank of New York Mellon Corp boosted its stake in Howard Hughes by 7.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 109,407 shares of the company’s stock worth $7,092,000 after buying an additional 7,602 shares during the last quarter. Finally, Quest Partners LLC grew its holdings in Howard Hughes by 339.2% in the 2nd quarter. Quest Partners LLC now owns 24,119 shares of the company’s stock valued at $1,563,000 after buying an additional 18,627 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Price Performance

Howard Hughes stock opened at $85.69 on Tuesday. Howard Hughes Holdings Inc. has a 1 year low of $59.00 and a 1 year high of $87.77. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a 50 day moving average price of $79.18 and a 200 day moving average price of $72.89. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 56.75 and a beta of 1.48.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $1.76. The company had revenue of $327.15 million during the quarter, compared to analysts’ expectations of $261.00 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The business’s quarterly revenue 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. Sell-side analysts predict 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.