Ancora Advisors LLC trimmed its stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 12.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,460 shares of the company's stock after selling 22,660 shares during the period. Ancora Advisors LLC owned about 0.30% of Howard Hughes worth $11,368,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of HHH. Proficio Capital Partners LLC boosted its position in Howard Hughes by 1.2% in the first quarter. Proficio Capital Partners LLC now owns 14,744 shares of the company's stock valued at $1,089,000 after buying an additional 170 shares in the last quarter. Stifel Financial Corp boosted its position in Howard Hughes by 4.2% in the fourth quarter. Stifel Financial Corp now owns 5,743 shares of the company's stock valued at $442,000 after buying an additional 234 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Howard Hughes by 910.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 394 shares of the company's stock worth $29,000 after acquiring an additional 355 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Howard Hughes by 9.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,325 shares of the company's stock worth $333,000 after acquiring an additional 366 shares during the last quarter. Finally, National Bank of Canada FI bought a new position in shares of Howard Hughes in the first quarter worth about $37,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.
Howard Hughes Stock Down 0.2%
HHH traded down $0.18 during trading hours on Monday, hitting $78.70. 86,420 shares of the company's stock were exchanged, compared to its average volume of 457,439. Howard Hughes Holdings Inc. has a 1-year low of $61.40 and a 1-year high of $87.77. The stock's 50-day moving average is $71.56 and its two-hundred day moving average is $70.67. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 17.21 and a beta of 1.21. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.85.
Analysts Set New Price Targets
A number of brokerages have weighed in on HHH. Zacks Research downgraded shares of Howard Hughes from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Wall Street Zen downgraded shares of Howard Hughes from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Piper Sandler dropped their price target on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Howard Hughes from $76.00 to $85.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Howard Hughes currently has an average rating of "Moderate Buy" and an average price target of $83.33.
Get Our Latest Analysis on Howard Hughes
Howard Hughes Company Profile
(
Free Report)
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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