Howard Hughes (NYSE:HHH) Shares Gap Down – Should You Sell?

Howard Hughes Holdings Inc. (NYSE:HHH) shares gapped down before the market opened on Wednesday . The stock had previously closed at $80.60, but opened at $75.76. Howard Hughes shares last traded at $75.48, with a volume of 682,875 shares changing hands.

Howard Hughes Trading Down 8.1 %

The stock has a market cap of $3.71 billion, a PE ratio of 49.06 and a beta of 1.48. 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 business has a 50-day moving average of $76.79 and a 200 day moving average of $76.82.

Hedge Funds Weigh In On Howard Hughes

A number of institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Howard Hughes by 12.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 109,231 shares of the company’s stock worth $8,402,000 after acquiring an additional 12,108 shares during the period. Two Sigma Investments LP acquired a new stake in shares of Howard Hughes during the fourth quarter worth $283,000. State of Wyoming grew its position in shares of Howard Hughes by 56.5% in the fourth quarter. State of Wyoming now owns 3,379 shares of the company’s stock valued at $260,000 after purchasing an additional 1,220 shares during the period. Point72 Asset Management L.P. acquired a new position in Howard Hughes in the fourth quarter valued at $600,000. Finally, Quantinno Capital Management LP purchased a new position in Howard Hughes during the fourth quarter worth about $217,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

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.