Howard Hughes (NYSE:HHH) Shares Gap Down – Time to Sell?

Howard Hughes Holdings Inc. (NYSE:HHH) shares gapped down prior to trading on Wednesday . The stock had previously closed at $80.60, but opened at $75.76. Howard Hughes shares last traded at $75.48, with a volume of 682,875 shares.

Howard Hughes Trading Down 8.1 %

The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $3.71 billion, a PE ratio of 49.06 and a beta of 1.48. The business’s fifty day moving average is $76.79 and its 200-day moving average is $76.82.

Institutional Trading of Howard Hughes

Institutional investors and hedge funds have recently made changes to their positions in the company. Carmel Capital Partners LLC grew its position in Howard Hughes by 2.6% during the third quarter. Carmel Capital Partners LLC now owns 5,739 shares of the company’s stock valued at $444,000 after acquiring an additional 144 shares during the period. Pin Oak Investment Advisors Inc. grew its holdings in shares of Howard Hughes by 0.3% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 53,135 shares of the company’s stock worth $4,114,000 after purchasing an additional 144 shares during the period. Point72 DIFC Ltd increased its position in Howard Hughes by 2.0% during the 3rd quarter. Point72 DIFC Ltd now owns 7,543 shares of the company’s stock worth $584,000 after purchasing an additional 147 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Howard Hughes by 1.6% in the fourth quarter. Wells Fargo & Company MN now owns 10,707 shares of the company’s stock valued at $824,000 after buying an additional 173 shares during the period. Finally, US Bancorp DE lifted its position in Howard Hughes by 16.2% during the third quarter. US Bancorp DE now owns 1,364 shares of the company’s stock valued at $106,000 after buying an additional 190 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

About Howard Hughes

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.