SeaCrest Wealth Management LLC Sells 600 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

SeaCrest Wealth Management LLC cut its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 6.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,100 shares of the company’s stock after selling 600 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Howard Hughes were worth $525,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. OFI Invest Asset Management bought a new stake in shares of Howard Hughes in the second quarter valued at $302,000. Assenagon Asset Management S.A. bought a new stake in shares of Howard Hughes in the second quarter valued at $1,482,000. Diversified Trust Co bought a new stake in shares of Howard Hughes in the second quarter valued at $396,000. Beech Hill Advisors Inc. raised its stake in shares of Howard Hughes by 9.8% in the second quarter. Beech Hill Advisors Inc. now owns 7,300 shares of the company’s stock valued at $473,000 after buying an additional 650 shares during the period. Finally, Hilltop National Bank bought a new stake in shares of Howard Hughes in the second quarter valued at $199,000. 93.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reduced their price target on Howard Hughes from $89.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, June 4th.

Howard Hughes Price Performance

Shares of HHH traded up $0.31 during midday trading on Wednesday, reaching $72.50. The stock had a trading volume of 36,275 shares, compared to its average volume of 316,113. The company’s 50-day moving average is $68.16 and its 200 day moving average is $69.28. Howard Hughes Holdings Inc. has a 12-month low of $59.00 and a 12-month high of $86.72. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of -6.15 and a beta of 1.45.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings data on Friday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. Howard Hughes had a negative return on equity of 0.33% and a negative net margin of 49.52%. The firm had revenue of $317.40 million during the quarter, compared to analysts’ expectations of $239.73 million. During the same period in the prior year, the business earned ($0.39) EPS. The company’s revenue for the quarter was up 42.1% compared to the same quarter last year. On average, equities analysts predict that Howard Hughes Holdings Inc. will post 3.04 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.