Howard Hughes (NYSE:HHH) Shares Gap Down – What’s Next?

Shares of Howard Hughes Holdings Inc. (NYSE:HHHGet Free Report) gapped down before the market opened 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 trading hands.

Howard Hughes Price Performance

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 stock’s fifty day simple moving average is $76.35 and its 200-day simple moving average is $76.90. The company has a market capitalization of $3.67 billion, a P/E ratio of 48.46 and a beta of 1.48.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HHH. Jones Financial Companies Lllp acquired a new position in shares of Howard Hughes during the fourth quarter valued at about $40,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Howard Hughes during the third quarter valued at about $46,000. Sugar Maple Asset Management LLC acquired a new position in shares of Howard Hughes during the fourth quarter valued at about $47,000. Huntington National Bank raised its position in shares of Howard Hughes by 335.5% during the fourth quarter. Huntington National Bank now owns 932 shares of the company’s stock valued at $72,000 after buying an additional 718 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new position in shares of Howard Hughes during the third quarter valued at about $83,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Company Profile

(Get Free Report)

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.

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