JPMorgan Chase & Co. Decreases Stake in Howard Hughes Holdings Inc. (NYSE:HHH)

JPMorgan Chase & Co. lessened its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 48.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,955 shares of the company’s stock after selling 238,137 shares during the quarter. JPMorgan Chase & Co. owned about 0.50% of Howard Hughes worth $19,150,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Egerton Capital UK LLP purchased a new stake in Howard Hughes during the fourth quarter valued at $34,150,000. River Road Asset Management LLC increased its holdings in shares of Howard Hughes by 235.9% in the 4th quarter. River Road Asset Management LLC now owns 312,566 shares of the company’s stock worth $24,043,000 after buying an additional 219,514 shares during the last quarter. American Century Companies Inc. raised its position in shares of Howard Hughes by 50.3% during the 4th quarter. American Century Companies Inc. now owns 624,769 shares of the company’s stock valued at $48,057,000 after buying an additional 209,217 shares in the last quarter. Rule One Partners LLC purchased a new position in Howard Hughes in the third quarter worth about $12,544,000. Finally, Impax Asset Management Group plc grew its position in Howard Hughes by 157.4% in the fourth quarter. Impax Asset Management Group plc now owns 257,393 shares of the company’s stock worth $19,799,000 after acquiring an additional 157,393 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Stock Performance

NYSE HHH opened at $64.68 on Friday. The company has a market cap of $3.26 billion, a P/E ratio of 42.84 and a beta of 1.14. The business’s 50 day moving average price is $73.79 and its 200-day moving average price is $76.94. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $87.77. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.40. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The company had revenue of $983.59 million during the quarter, compared to analysts’ expectations of $949.18 million. Sell-side analysts predict that Howard Hughes Holdings Inc. will post 3.7 earnings per share 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.