Pinnacle Financial Partners Inc Reduces Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

Pinnacle Financial Partners Inc cut its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 9.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,964 shares of the company’s stock after selling 2,668 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Howard Hughes were worth $2,088,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in HHH. Janney Montgomery Scott LLC acquired a new stake in shares of Howard Hughes during the first quarter worth approximately $294,000. Sei Investments Co. lifted its position in shares of Howard Hughes by 6.5% during the first quarter. Sei Investments Co. now owns 47,254 shares of the company’s stock worth $3,432,000 after purchasing an additional 2,887 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Howard Hughes by 14.7% in the first quarter. Russell Investments Group Ltd. now owns 383,122 shares of the company’s stock worth $27,822,000 after purchasing an additional 49,103 shares in the last quarter. Entropy Technologies LP bought a new stake in Howard Hughes in the first quarter valued at about $387,000. Finally, Donald Smith & CO. Inc. raised its position in shares of Howard Hughes by 26.7% during the 1st quarter. Donald Smith & CO. Inc. now owns 1,296,021 shares of the company’s stock valued at $94,117,000 after acquiring an additional 272,742 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Price Performance

Shares of NYSE:HHH opened at $82.13 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. The firm has a 50-day simple moving average of $76.94 and a 200 day simple moving average of $71.33. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $86.72. The company has a market cap of $4.12 billion, a PE ratio of 54.39 and a beta of 1.46.

Howard Hughes (NYSE:HHH) last announced its 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 firm had revenue of $327.15 million for the quarter, compared to the consensus estimate of $261.00 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The firm’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.26) EPS. On average, sell-side analysts anticipate that Howard Hughes Holdings Inc. will post 3.28 EPS for the current 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.