River Road Asset Management LLC Sells 1,439 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

River Road Asset Management LLC lessened its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,099 shares of the company’s stock after selling 1,439 shares during the quarter. River Road Asset Management LLC’s holdings in Howard Hughes were worth $5,056,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HHH. International Assets Investment Management LLC bought a new position in shares of Howard Hughes during the 4th quarter worth approximately $44,000. Baker Avenue Asset Management LP acquired a new position in Howard Hughes during the 3rd quarter valued at approximately $45,000. Citigroup Inc. acquired a new position in Howard Hughes during the 3rd quarter valued at approximately $48,000. Baystate Wealth Management LLC acquired a new position in Howard Hughes during the 4th quarter valued at approximately $68,000. Finally, Nisa Investment Advisors LLC acquired a new position in Howard Hughes during the 3rd quarter valued at approximately $73,000. Institutional investors own 93.83% of the company’s stock.

Insider Buying and Selling

In other Howard Hughes news, insider Heath Melton sold 1,926 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $72.95, for a total value of $140,501.70. Following the sale, the insider now owns 9,274 shares in the company, valued at approximately $676,538.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 33.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HHH shares. JPMorgan Chase & Co. cut their price target on shares of Howard Hughes from $90.00 to $84.00 and set an “overweight” rating on the stock in a research note on Tuesday. TheStreet upgraded shares of Howard Hughes from a “d+” rating to a “c-” rating in a research note on Friday, December 22nd.

Howard Hughes Stock Performance

NYSE:HHH opened at $60.30 on Thursday. The company’s fifty day moving average price is $72.63 and its 200-day moving average price is $74.93. Howard Hughes Holdings Inc. has a 1-year low of $59.15 and a 1-year high of $86.72. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.73.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.25. The company had revenue of $335.84 million for the quarter, compared to the consensus estimate of $318.32 million. Howard Hughes had a negative return on equity of 0.62% and a negative net margin of 53.88%. As a group, analysts anticipate that Howard Hughes Holdings Inc. will post 3.63 EPS for the current year.

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.