Donald Smith & CO. Inc. Reduces Position in Howard Hughes Holdings Inc. $HHH

Donald Smith & CO. Inc. lessened its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 6.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,020,969 shares of the company’s stock after selling 65,226 shares during the quarter. Howard Hughes comprises approximately 1.5% of Donald Smith & CO. Inc.’s holdings, making the stock its 29th largest holding. Donald Smith & CO. Inc.’s holdings in Howard Hughes were worth $81,443,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its stake in Howard Hughes by 41.5% in the fourth quarter. Signaturefd LLC now owns 423 shares of the company’s stock worth $34,000 after acquiring an additional 124 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Howard Hughes by 0.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 27,193 shares of the company’s stock worth $2,169,000 after acquiring an additional 147 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Howard Hughes by 28.9% in the third quarter. EverSource Wealth Advisors LLC now owns 665 shares of the company’s stock worth $55,000 after acquiring an additional 149 shares during the period. Fifth Third Bancorp lifted its stake in Howard Hughes by 37.2% in the fourth quarter. Fifth Third Bancorp now owns 572 shares of the company’s stock worth $46,000 after acquiring an additional 155 shares during the period. Finally, California State Teachers Retirement System lifted its stake in Howard Hughes by 0.7% in the second quarter. California State Teachers Retirement System now owns 30,098 shares of the company’s stock worth $2,032,000 after acquiring an additional 217 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Insider Buying and Selling at Howard Hughes

In related news, General Counsel Joseph Valane purchased 1,260 shares of Howard Hughes stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $64.45 per share, for a total transaction of $81,207.00. Following the completion of the acquisition, the general counsel directly owned 29,209 shares of the company’s stock, valued at $1,882,520.05. The trade was a 4.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider James Carman sold 1,500 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $64.20, for a total value of $96,300.00. Following the transaction, the insider owned 22,096 shares of the company’s stock, valued at $1,418,563.20. The trade was a 6.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 48.00% of the stock is owned by company insiders.

Howard Hughes Price Performance

Shares of NYSE:HHH opened at $66.42 on Thursday. Howard Hughes Holdings Inc. has a 1-year low of $61.01 and a 1-year high of $91.07. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.58 and a quick ratio of 1.58. The business has a fifty day moving average price of $64.16 and a 200-day moving average price of $73.24. The company has a market capitalization of $3.96 billion, a PE ratio of 32.56 and a beta of 1.14.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. Howard Hughes had a return on equity of 5.41% and a net margin of 8.04%.The firm had revenue of $235.92 million during the quarter. During the same quarter in the previous year, the business earned $0.21 earnings per share. Howard Hughes’s revenue was up 18.4% compared to the same quarter last year. As a group, equities analysts expect that Howard Hughes Holdings Inc. will post 3.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HHH has been the subject of a number of research analyst reports. Zacks Research lowered Howard Hughes from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Weiss Ratings lowered Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. Finally, Wall Street Zen raised Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell” and an average price target of $85.00.

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. Its MPCs segment develops, sells, and leases residential and commercial land designated for long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona.