Principal Financial Group Inc. Sells 1,130,243 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Principal Financial Group Inc. lessened its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 99.6% during the 3rd quarter, Holdings Channel reports. The firm owned 4,149 shares of the company’s stock after selling 1,130,243 shares during the quarter. Principal Financial Group Inc.’s holdings in Howard Hughes were worth $321,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HHH. Donald Smith & CO. Inc. raised its position in Howard Hughes by 27.5% in the 2nd 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 during the last quarter. State Street Corp increased its stake in shares of Howard Hughes by 3.2% in the third quarter. State Street Corp now owns 605,785 shares of the company’s stock valued at $46,906,000 after buying an additional 19,045 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Howard Hughes by 22.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 456,083 shares of the company’s stock valued at $35,315,000 after buying an additional 82,746 shares during the last quarter. Clearbridge Investments LLC lifted its position in Howard Hughes by 4.3% during the 2nd quarter. Clearbridge Investments LLC now owns 340,194 shares of the company’s stock worth $22,051,000 after buying an additional 13,880 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Howard Hughes by 0.5% during the 3rd quarter. Victory Capital Management Inc. now owns 313,656 shares of the company’s stock worth $24,286,000 after buying an additional 1,475 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Trading Down 1.5 %

HHH opened at $75.37 on Tuesday. Howard Hughes Holdings Inc. has a 1-year low of $59.00 and a 1-year high of $87.77. The firm has a 50-day moving average price of $80.68 and a two-hundred day moving average price of $75.23. The stock has a market capitalization of $3.78 billion, a PE ratio of 49.91 and a beta of 1.48. 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 posted its quarterly earnings data on Monday, November 4th. The company reported $1.95 earnings per share for the quarter, topping 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 in the previous year, the company posted ($0.26) EPS. Howard Hughes’s revenue was up 43.2% on a year-over-year basis. As a group, equities analysts anticipate that Howard Hughes Holdings Inc. will post 3.28 earnings per share 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.