American Century Companies Inc. Grows Position in Howard Hughes Holdings Inc. $HHH

Key Points

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American Century Companies Inc. raised its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 24.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 779,879 shares of the company's stock after purchasing an additional 155,110 shares during the quarter. American Century Companies Inc. owned approximately 1.55% of Howard Hughes worth $57,773,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in HHH. Brighton Jones LLC purchased a new stake in Howard Hughes during the fourth quarter valued at about $511,000. Wells Fargo & Company MN lifted its holdings in Howard Hughes by 1.6% during the fourth quarter. Wells Fargo & Company MN now owns 10,707 shares of the company's stock valued at $824,000 after purchasing an additional 173 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Howard Hughes by 5.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 13,679 shares of the company's stock valued at $1,052,000 after buying an additional 683 shares during the period. Invesco Ltd. increased its position in shares of Howard Hughes by 0.4% during the fourth quarter. Invesco Ltd. now owns 85,907 shares of the company's stock valued at $6,608,000 after buying an additional 332 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Howard Hughes during the fourth quarter valued at about $422,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

Howard Hughes Stock Down 0.6%

HHH stock opened at $73.29 on Tuesday. 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 company's 50 day moving average is $69.71 and its 200 day moving average is $70.70. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 16.04 and a beta of 1.22. Howard Hughes Holdings Inc. has a 1-year low of $61.40 and a 1-year high of $87.77.

Analyst Ratings Changes

Several brokerages have recently weighed in on HHH. 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. Wall Street Zen cut Howard Hughes from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. BMO Capital Markets decreased their price target on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. cut Howard Hughes from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $82.00 to $76.00 in a research report on Monday, June 23rd.

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.

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