New South Capital Management Inc. Has $46.63 Million Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

New South Capital Management Inc. decreased its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 602,169 shares of the company’s stock after selling 7,120 shares during the period. Howard Hughes accounts for about 1.9% of New South Capital Management Inc.’s investment portfolio, making the stock its 22nd biggest holding. New South Capital Management Inc.’s holdings in Howard Hughes were worth $46,626,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Carmel Capital Partners LLC grew its position in Howard Hughes by 2.6% in the 3rd quarter. Carmel Capital Partners LLC now owns 5,739 shares of the company’s stock valued at $444,000 after purchasing an additional 144 shares during the period. US Bancorp DE grew its position in Howard Hughes by 16.2% in the 3rd quarter. US Bancorp DE now owns 1,364 shares of the company’s stock valued at $106,000 after purchasing an additional 190 shares during the period. Arizona State Retirement System grew its position 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 purchasing an additional 197 shares during the period. Hsbc Holdings PLC grew its position in Howard Hughes by 0.4% in the 2nd 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 period. Finally, The Manufacturers Life Insurance Company grew its position in Howard Hughes by 3.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,764 shares of the company’s stock valued at $827,000 after purchasing an additional 395 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Stock Down 0.1 %

NYSE:HHH traded down $0.05 during trading hours on Tuesday, hitting $83.50. 1,412 shares of the company traded hands, compared to its average volume of 286,446. The company has a quick ratio of 1.35, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. The firm’s 50-day simple moving average is $76.60 and its 200-day simple moving average is $71.13. Howard Hughes Holdings Inc. has a one year low of $59.00 and a one year high of $86.72. The company has a market cap of $4.19 billion, a PE ratio of 55.33 and a beta of 1.46.

Howard Hughes (NYSE:HHH) last released its earnings results on Monday, November 4th. The company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $1.76. The company 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 business’s revenue for the quarter was up 43.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.26) EPS. Equities 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.