683 Capital Management LLC Has $8.89 Million Stock Holdings in Howard Hughes Holdings Inc. $HHH

Key Points

• 683 Capital Management LLC reduced its stake in Howard Hughes Holdings Inc. by 11.1%, now owning 120,000 shares worth approximately $8.89 million.
• Egerton Capital UK LLP significantly increased its holdings in Howard Hughes by 169.5%, owning over 1.19 million shares valued at roughly $88.62 million.
• Analyst ratings have fluctuated, with Wall Street Zen downgrading Howard Hughes from a "hold" to a "sell", while JPMorgan Chase & Co. raised its target price from $76.00 to $85.00.

683 Capital Management LLC decreased its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 11.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,000 shares of the company's stock after selling 15,000 shares during the period. 683 Capital Management LLC owned approximately 0.24% of Howard Hughes worth $8,890,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Howard Hughes by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,495,852 shares of the company's stock worth $184,894,000 after buying an additional 10,405 shares during the period. Egerton Capital UK LLP increased its position in Howard Hughes by 169.5% during the 1st quarter. Egerton Capital UK LLP now owns 1,196,288 shares of the company's stock worth $88,621,000 after buying an additional 752,325 shares during the period. American Century Companies Inc. increased its position in shares of Howard Hughes by 24.8% in the first quarter. American Century Companies Inc. now owns 779,879 shares of the company's stock worth $57,773,000 after purchasing an additional 155,110 shares during the period. Victory Capital Management Inc. increased its position in shares of Howard Hughes by 2.0% in the first quarter. Victory Capital Management Inc. now owns 300,963 shares of the company's stock worth $22,295,000 after purchasing an additional 5,872 shares during the period. Finally, First Manhattan CO. LLC. increased its position in shares of Howard Hughes by 8.4% in the first quarter. First Manhattan CO. LLC. now owns 267,978 shares of the company's stock worth $19,852,000 after purchasing an additional 20,684 shares during the period. Institutional investors own 93.83% of the company's stock.

Howard Hughes Price Performance

Howard Hughes stock traded up $1.16 during midday trading on Friday, reaching $78.88. The company's stock had a trading volume of 376,231 shares, compared to its average volume of 325,456. Howard Hughes Holdings Inc. has a 52 week low of $61.40 and a 52 week high of $87.77. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.85. The business has a 50-day moving average price of $71.56 and a 200-day moving average price of $70.71. The stock has a market cap of $4.69 billion, a PE ratio of 17.26 and a beta of 1.21.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JPMorgan Chase & Co. raised their price target on Howard Hughes from $76.00 to $85.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. Piper Sandler decreased their price target on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Zacks Research cut Howard Hughes from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, Wall Street Zen cut Howard Hughes from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Howard Hughes has a consensus rating of "Moderate Buy" and an average price target of $83.33.

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.