AQR Capital Management LLC Acquires 40,414 Shares of Howard Hughes Holdings Inc. $HHH

Key Points

• AQR Capital Management LLC increased its stake in Howard Hughes Holdings Inc. by 37.7%, acquiring 40,414 shares during the first quarter, leading to a total of 147,754 shares owned, valued at about $10.9 million.
• Institutional investors hold approximately 93.83% of Howard Hughes, with notable increases from other firms such as Caitong International and Larson Financial Group, showing significant investment interest.
• Analysts' ratings on Howard Hughes vary, with JPMorgan upgrading the price target to $85.00, while Zacks and Wall Street Zen issue more cautious ratings, leaving the stock with a consensus rating of "Moderate Buy."

AQR Capital Management LLC grew its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 37.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,754 shares of the company's stock after buying an additional 40,414 shares during the quarter. AQR Capital Management LLC owned 0.29% of Howard Hughes worth $10,946,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Egerton Capital UK LLP raised its position in Howard Hughes by 169.5% during the first quarter. Egerton Capital UK LLP now owns 1,196,288 shares of the company's stock valued at $88,621,000 after purchasing an additional 752,325 shares during the period. American Century Companies Inc. increased its position in shares of Howard Hughes by 24.8% during the 1st quarter. American Century Companies Inc. now owns 779,879 shares of the company's stock valued at $57,773,000 after purchasing an additional 155,110 shares during the last quarter. Alpine Associates Management Inc. purchased a new stake in Howard Hughes during the 1st quarter valued at $8,226,000. Royal Bank of Canada boosted its stake in Howard Hughes by 1,900.6% during the first quarter. Royal Bank of Canada now owns 99,248 shares of the company's stock worth $7,353,000 after buying an additional 94,287 shares during the period. Finally, Deutsche Bank AG boosted its stake in Howard Hughes by 668.1% during the fourth quarter. Deutsche Bank AG now owns 90,072 shares of the company's stock worth $6,928,000 after buying an additional 78,345 shares during the period. Hedge funds and other institutional investors own 93.83% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on HHH. 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 reduced 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 report on Friday, May 23rd. Zacks Research downgraded shares of Howard Hughes from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. upped their target price on Howard Hughes from $76.00 to $85.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $83.33.

Howard Hughes Trading Down 0.0%

NYSE:HHH traded down $0.03 during midday trading on Tuesday, hitting $81.81. The stock had a trading volume of 306,538 shares, compared to its average volume of 327,330. The stock has a 50-day moving average of $73.19 and a 200 day moving average of $70.94. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 17.90 and a beta of 1.21. Howard Hughes Holdings Inc. has a one year low of $61.40 and a one year high of $87.77. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.85.

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.