AQR Capital Management LLC Acquires 93,810 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

AQR Capital Management LLC boosted its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 693.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,340 shares of the company's stock after acquiring an additional 93,810 shares during the quarter. AQR Capital Management LLC owned 0.21% of Howard Hughes worth $8,236,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HHH. Pin Oak Investment Advisors Inc. lifted its holdings in Howard Hughes by 0.3% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 53,135 shares of the company's stock worth $4,114,000 after buying an additional 144 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Howard Hughes by 1.6% during the fourth quarter. Wells Fargo & Company MN now owns 10,707 shares of the company's stock worth $824,000 after purchasing an additional 173 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Howard Hughes by 4.2% in the fourth quarter. Stifel Financial Corp now owns 5,743 shares of the company's stock worth $442,000 after acquiring an additional 234 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Howard Hughes by 6.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,963 shares of the company's stock worth $305,000 after buying an additional 250 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Howard Hughes by 12.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,001 shares of the company's stock worth $231,000 after acquiring an additional 329 shares during the period. 93.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HHH has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price objective on shares of Howard Hughes from $84.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th. BMO Capital Markets cut their target price on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a research note on Wednesday.

Howard Hughes Stock Performance

Howard Hughes stock traded up $1.65 during mid-day trading on Friday, hitting $71.57. 857,327 shares of the company's stock traded hands, compared to its average volume of 329,052. 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 50 day simple moving average of $70.28 and a two-hundred day simple moving average of $75.61. Howard Hughes Holdings Inc. has a fifty-two week low of $59.83 and a fifty-two week high of $87.77. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 47.40 and a beta of 1.21.

Howard Hughes (NYSE:HHH - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. The business had revenue of $199.33 million during the quarter, compared to the consensus estimate of $187.43 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The business's revenue was up 27.3% compared to the same quarter last year. On average, research analysts expect that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal 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.