Horizon Kinetics Asset Management LLC Has $38.39 Million Stock Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

Horizon Kinetics Asset Management LLC decreased its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 495,811 shares of the company’s stock after selling 7,986 shares during the quarter. Howard Hughes accounts for approximately 0.6% of Horizon Kinetics Asset Management LLC’s holdings, making the stock its 20th biggest holding. Horizon Kinetics Asset Management LLC owned approximately 0.99% of Howard Hughes worth $38,391,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Swedbank AB bought a new stake in Howard Hughes during the first quarter worth about $2,905,000. Bridges Investment Management Inc. bought a new stake in Howard Hughes during the 2nd quarter worth approximately $428,000. XTX Topco Ltd increased its holdings in Howard Hughes by 225.1% during the 2nd quarter. XTX Topco Ltd now owns 10,529 shares of the company’s stock valued at $682,000 after purchasing an additional 7,290 shares in the last quarter. Victory Capital Management Inc. raised its position in Howard Hughes by 50.0% in the 2nd quarter. Victory Capital Management Inc. now owns 312,181 shares of the company’s stock valued at $20,236,000 after purchasing an additional 103,995 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Howard Hughes by 7.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 109,407 shares of the company’s stock valued at $7,092,000 after purchasing an additional 7,602 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Price Performance

Shares of HHH stock opened at $83.87 on Monday. Howard Hughes Holdings Inc. has a 52 week low of $59.00 and a 52 week high of $86.72. The stock has a market capitalization of $4.21 billion, a PE ratio of 55.54 and a beta of 1.46. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08. The stock’s fifty day moving average is $77.96 and its 200-day moving average is $72.04.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings data 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. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The firm had revenue of $327.15 million during the quarter, compared to analysts’ expectations of $261.00 million. During the same quarter last year, the company posted ($0.26) EPS. The company’s quarterly revenue was up 43.2% compared to the same quarter last year. Equities research analysts expect that Howard Hughes Holdings Inc. will post 3.28 EPS for the current fiscal year.

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.