Howard Hughes Holdings Inc. $HHH Shares Bought by American Century Companies Inc.

Key Points

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

Other institutional investors and hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its stake in shares of Howard Hughes by 910.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 394 shares of the company's stock worth $29,000 after purchasing an additional 355 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Howard Hughes during the first quarter worth about $37,000. Larson Financial Group LLC increased 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 worth $39,000 after purchasing an additional 504 shares in the last quarter. SBI Securities Co. Ltd. increased 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 worth $65,000 after purchasing an additional 870 shares in the last quarter. Finally, Whittier Trust Co. purchased a new stake in shares of Howard Hughes during the first quarter worth about $161,000. Hedge funds and other institutional investors own 93.83% of the company's stock.

Howard Hughes Trading Up 4.0%

NYSE:HHH traded up $2.87 on Friday, hitting $75.49. The stock had a trading volume of 325,295 shares, compared to its average volume of 389,864. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.85. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 16.52 and a beta of 1.22. The company has a fifty day moving average price of $70.01 and a two-hundred day moving average price of $70.64. Howard Hughes Holdings Inc. has a 1-year low of $61.40 and a 1-year high of $87.77.

Analyst Ratings Changes

A number of research firms recently weighed in on HHH. Wall Street Zen lowered shares of Howard Hughes from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Piper Sandler lowered their price target on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. lowered shares of Howard Hughes from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $82.00 to $76.00 in a research report on Monday, June 23rd. Finally, BMO Capital Markets lowered their price target on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Howard Hughes presently has a consensus rating of "Moderate Buy" and an average target price of $80.33.

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.