Incline Global Management LLC Sells 37,536 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Incline Global Management LLC reduced its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 23.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 125,971 shares of the company’s stock after selling 37,536 shares during the quarter. Howard Hughes comprises about 4.3% of Incline Global Management LLC’s holdings, making the stock its 13th biggest holding. Incline Global Management LLC’s holdings in Howard Hughes were worth $9,754,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Donald Smith & CO. Inc. raised its stake in Howard Hughes by 27.5% in the second quarter. Donald Smith & CO. Inc. now owns 1,652,046 shares of the company’s stock valued at $107,086,000 after purchasing an additional 356,025 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Howard Hughes by 50.0% during the second quarter. Victory Capital Management Inc. now owns 312,181 shares of the company’s stock worth $20,236,000 after acquiring an additional 103,995 shares in the last quarter. Impax Asset Management Group plc purchased a new position in shares of Howard Hughes during the third quarter worth approximately $7,743,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Howard Hughes by 22.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 456,083 shares of the company’s stock worth $35,315,000 after acquiring an additional 82,746 shares in the last quarter. Finally, Empyrean Capital Partners LP purchased a new position in shares of Howard Hughes during the second quarter worth approximately $4,862,000. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Price Performance

Shares of HHH stock traded down $0.31 during trading hours on Tuesday, hitting $85.35. 1,662 shares of the company’s stock were exchanged, compared to its average volume of 281,695. The company has a market capitalization of $4.28 billion, a PE ratio of 56.75 and a beta of 1.48. Howard Hughes Holdings Inc. has a 12-month low of $59.00 and a 12-month high of $87.77. The business’s 50 day simple moving average is $79.18 and its 200-day simple moving average is $72.89. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98.

Howard Hughes (NYSE:HHH) last released its quarterly earnings results on Monday, November 4th. The company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $0.19 by $1.76. The business 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 revenue for the quarter was up 43.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.26) earnings per share. On average, equities research analysts anticipate that Howard Hughes Holdings Inc. will post 3.28 earnings per share for the current 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.