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 raised its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 37.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & 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 about 0.29% of Howard Hughes worth $10,946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HHH. Egerton Capital UK LLP grew 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 worth $88,621,000 after buying an additional 752,325 shares in the last quarter. American Century Companies Inc. grew its position in Howard Hughes by 24.8% during the first quarter. American Century Companies Inc. now owns 779,879 shares of the company's stock worth $57,773,000 after buying an additional 155,110 shares in the last quarter. Alpine Associates Management Inc. purchased a new position in Howard Hughes during the first quarter worth about $8,226,000. Royal Bank of Canada grew its position 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 in the last quarter. Finally, Deutsche Bank AG grew its position 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 in the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HHH shares. Wall Street Zen cut Howard Hughes from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Piper Sandler cut their price objective on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. JPMorgan Chase & Co. upped their price objective on Howard Hughes from $76.00 to $85.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Finally, Zacks Research cut Howard Hughes from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.33.

Howard Hughes Trading Down 0.0%

HHH stock traded down $0.02 during trading on Friday, hitting $81.63. 412,060 shares of the company traded hands, compared to its average volume of 322,544. The firm has a market capitalization of $4.85 billion, a PE ratio of 17.86 and a beta of 1.21. Howard Hughes Holdings Inc. has a 1 year low of $61.40 and a 1 year high of $87.77. The company has a 50-day moving average of $72.67 and a 200-day moving average of $70.89. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.18 and a current ratio of 1.18.

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.