Nuveen LLC Makes New Investment in Howard Hughes Holdings Inc. $HHH

Key Points

• Nuveen LLC acquired 76,017 shares of Howard Hughes Holdings Inc. for approximately $5.63 million, representing about 0.15% of the company's total shares.
• Howard Hughes has seen conflicting analyst ratings, with Piper Sandler lowering its target price to $85 and JPMorgan downgrading the stock to a "neutral" rating while decreasing its target price to $76.
• The company's stock is currently trading at $75.11, with a 52-week range between $61.40 and $87.77, and it holds a market cap of $4.46 billion.

Nuveen LLC acquired a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 76,017 shares of the company's stock, valued at approximately $5,631,000. Nuveen LLC owned 0.15% of Howard Hughes at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. National Bank of Canada FI purchased a new position in Howard Hughes in the first quarter valued at approximately $37,000. Larson Financial Group LLC raised its stake in shares of Howard Hughes by 2,290.9% during the first quarter. Larson Financial Group LLC now owns 526 shares of the company's stock valued at $39,000 after purchasing an additional 504 shares during the period. SBI Securities Co. Ltd. raised its stake in shares of Howard Hughes by 14,500.0% during the first quarter. SBI Securities Co. Ltd. now owns 876 shares of the company's stock valued at $65,000 after purchasing an additional 870 shares during the period. Whittier Trust Co. purchased a new stake in shares of Howard Hughes during the first quarter valued at approximately $161,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Howard Hughes by 116.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,340 shares of the company's stock valued at $174,000 after purchasing an additional 1,260 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Howard Hughes Stock Up 0.9%

Shares of HHH stock traded up $0.66 during mid-day trading on Friday, reaching $76.21. 277,084 shares of the company were exchanged, compared to its average volume of 358,256. Howard Hughes Holdings Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $87.77. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $4.53 billion, a P/E ratio of 16.68 and a beta of 1.21. The business's 50 day simple moving average is $70.61 and its 200 day simple moving average is $70.64.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HHH. BMO Capital Markets dropped their price objective on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Piper Sandler dropped their price objective on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Zacks Research lowered shares of Howard Hughes from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Wall Street Zen lowered shares of Howard Hughes from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Howard Hughes from $76.00 to $85.00 and gave the company a "neutral" rating in a research note on Friday. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $83.33.

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.