Beach Investment Counsel Inc. PA Has $8.18 Million Stake in Howard Hughes Holdings Inc. (NYSE:HHH)

Beach Investment Counsel Inc. PA decreased its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 9.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,372 shares of the company’s stock after selling 10,886 shares during the quarter. Howard Hughes accounts for approximately 1.1% of Beach Investment Counsel Inc. PA’s investment portfolio, making the stock its 24th largest position. Beach Investment Counsel Inc. PA owned 0.21% of Howard Hughes worth $8,182,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Western Pacific Wealth Management LP increased its stake in shares of Howard Hughes by 51.0% in the fourth quarter. Western Pacific Wealth Management LP now owns 2,811 shares of the company’s stock valued at $216,000 after buying an additional 950 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in Howard Hughes during the 4th quarter valued at approximately $207,000. Institute for Wealth Management LLC. acquired a new stake in Howard Hughes during the 4th quarter valued at approximately $305,000. KBC Group NV increased its position in Howard Hughes by 40.1% during the 4th quarter. KBC Group NV now owns 1,572 shares of the company’s stock valued at $121,000 after purchasing an additional 450 shares during the period. Finally, Brighton Jones LLC acquired a new stake in Howard Hughes during the 4th quarter valued at approximately $511,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Stock Performance

NYSE:HHH opened at $75.47 on Tuesday. The company has a market capitalization of $3.78 billion, a PE ratio of 49.94 and a beta of 1.48. The company has a 50 day simple moving average of $78.82 and a two-hundred day simple moving average of $76.53. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08. Howard Hughes Holdings Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $87.77.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $1.76. The firm had revenue of $327.15 million for the quarter, compared to analysts’ expectations of $261.00 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The company’s revenue for the quarter was up 43.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.26) EPS. Research analysts anticipate that Howard Hughes Holdings Inc. will post 3.28 earnings per share 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.