ArrowMark Colorado Holdings LLC Decreases Stock 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 third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 149,400 shares of the company’s stock after selling 16,500 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in Howard Hughes were worth $11,568,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HHH. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Howard Hughes by 421.8% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,150 shares of the company’s stock valued at $166,000 after buying an additional 1,738 shares during the period. Infrastructure Capital Advisors LLC acquired a new stake in Howard Hughes in the third quarter valued at approximately $387,000. Pin Oak Investment Advisors Inc. raised its stake in shares of Howard Hughes by 0.5% during the third quarter. Pin Oak Investment Advisors Inc. now owns 52,991 shares of the company’s stock valued at $4,103,000 after purchasing an additional 240 shares during the period. PEAK6 Investments LLC lifted its position in shares of Howard Hughes by 201.8% during the third quarter. PEAK6 Investments LLC now owns 17,683 shares of the company’s stock worth $1,369,000 after purchasing an additional 11,824 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Howard Hughes by 46.9% in the third quarter. FMR LLC now owns 5,985 shares of the company’s stock valued at $463,000 after purchasing an additional 1,910 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Stock Performance

Howard Hughes stock opened at $85.69 on Tuesday. Howard Hughes Holdings Inc. has a 12-month low of $59.00 and a 12-month high of $87.77. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 56.75 and a beta of 1.48. The firm’s fifty day moving average price is $79.18 and its 200 day moving average price is $72.89.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results 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 firm had revenue of $327.15 million for 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 firm’s quarterly revenue was up 43.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.26) earnings per share. On average, research analysts forecast that Howard Hughes Holdings Inc. will post 3.28 EPS for the current fiscal year.

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.