Incline Global Management LLC Decreases Stake in Howard Hughes Holdings Inc. (NYSE:HHH)

Incline Global Management LLC decreased its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 23.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125,971 shares of the company’s stock after selling 37,536 shares during the period. Howard Hughes accounts for 4.3% of Incline Global Management LLC’s investment portfolio, making the stock its 13th biggest holding. Incline Global Management LLC owned 0.25% of Howard Hughes worth $9,754,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Carmel Capital Partners LLC increased its stake in shares of Howard Hughes by 2.6% during the 3rd quarter. Carmel Capital Partners LLC now owns 5,739 shares of the company’s stock worth $444,000 after purchasing an additional 144 shares during the last quarter. US Bancorp DE increased its holdings in Howard Hughes by 16.2% in the 3rd quarter. US Bancorp DE now owns 1,364 shares of the company’s stock worth $106,000 after acquiring an additional 190 shares during the last quarter. Arizona State Retirement System raised its stake in Howard Hughes by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 9,143 shares of the company’s stock valued at $593,000 after acquiring an additional 197 shares during the period. Hsbc Holdings PLC lifted its holdings in Howard Hughes by 0.4% during the second quarter. Hsbc Holdings PLC now owns 52,235 shares of the company’s stock valued at $3,359,000 after purchasing an additional 227 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. boosted its position in Howard Hughes by 0.5% during the third quarter. Pin Oak Investment Advisors Inc. now owns 52,991 shares of the company’s stock worth $4,103,000 after purchasing an additional 240 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Howard Hughes Stock Performance

NYSE:HHH traded down $0.31 on Tuesday, reaching $85.35. 1,662 shares of the company’s stock were exchanged, compared to its average volume of 281,695. 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 firm has a market cap of $4.28 billion, a price-to-earnings ratio of 56.75 and a beta of 1.48. Howard Hughes Holdings Inc. has a 52 week low of $59.00 and a 52 week high of $87.77. The stock has a fifty day simple moving average of $79.18 and a 200-day simple moving average of $72.89.

Howard Hughes (NYSE:HHH) last issued its earnings results on Monday, November 4th. The company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $1.76. The firm had revenue of $327.15 million during the quarter, compared to analyst estimates of $261.00 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The company’s quarterly revenue was up 43.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.26) earnings per share. As a group, sell-side analysts predict that Howard Hughes Holdings Inc. will post 3.28 earnings per share for the current year.

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.