Pertento Partners LLP Decreases Stock Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

Pertento Partners LLP lowered its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 9.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 159,151 shares of the company’s stock after selling 16,733 shares during the period. Howard Hughes makes up about 1.0% of Pertento Partners LLP’s portfolio, making the stock its 21st largest position. Pertento Partners LLP’s holdings in Howard Hughes were worth $12,242,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Pin Oak Investment Advisors Inc. boosted its holdings in Howard Hughes by 0.3% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 53,135 shares of the company’s stock worth $4,114,000 after acquiring an additional 144 shares in the last quarter. Point72 DIFC Ltd boosted its stake in Howard Hughes by 2.0% in the 3rd quarter. Point72 DIFC Ltd now owns 7,543 shares of the company’s stock worth $584,000 after purchasing an additional 147 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Howard Hughes by 6.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,963 shares of the company’s stock worth $305,000 after purchasing an additional 250 shares during the last quarter. Carmel Capital Partners LLC increased its stake in Howard Hughes by 6.3% during the 4th quarter. Carmel Capital Partners LLC now owns 6,103 shares of the company’s stock valued at $469,000 after purchasing an additional 364 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of Howard Hughes by 0.6% in the fourth quarter. Swiss National Bank now owns 64,200 shares of the company’s stock worth $4,938,000 after buying an additional 400 shares during the last quarter. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Price Performance

Shares of HHH opened at $74.41 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. The company’s fifty day moving average price is $75.46 and its 200-day moving average price is $77.49. Howard Hughes Holdings Inc. has a 1-year low of $59.00 and a 1-year high of $87.77. The firm has a market capitalization of $3.75 billion, a PE ratio of 49.28 and a beta of 1.48.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $3.25 earnings per share 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 business had revenue of $983.59 million for the quarter, compared to analyst estimates of $949.18 million. On average, equities research analysts predict that Howard Hughes Holdings Inc. will post 3.7 EPS 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.