Beech Hill Advisors Inc. Sells 4,025 Shares of Howard Hughes Holdings Inc. $HHH

Key Points

• Beech Hill Advisors Inc. reduced its stake in Howard Hughes Holdings Inc. by 44.5%, selling 4,025 shares and retaining 5,025 shares, valued at approximately $339,000.
• Several other institutional investors, including Dimensional Fund Advisors and Egerton Capital, increased their holdings in Howard Hughes during the same period, reflecting strong interest from the investment community.
• JPMorgan Chase raised its price target on Howard Hughes from $76 to $85, while Zacks Research upgraded the stock from a "hold" to a "strong-buy" rating, indicating a positive outlook from analysts.

Beech Hill Advisors Inc. trimmed its holdings in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 44.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,025 shares of the company's stock after selling 4,025 shares during the period. Beech Hill Advisors Inc.'s holdings in Howard Hughes were worth $339,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of Howard Hughes by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,495,852 shares of the company's stock valued at $184,894,000 after purchasing an additional 10,405 shares during the last quarter. Egerton Capital UK LLP lifted its holdings in Howard Hughes by 169.5% in the 1st quarter. Egerton Capital UK LLP now owns 1,196,288 shares of the company's stock worth $88,621,000 after purchasing an additional 752,325 shares during the last quarter. American Century Companies Inc. boosted 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 purchasing an additional 155,110 shares during the period. Victory Capital Management Inc. grew its holdings in Howard Hughes by 2.0% during the first quarter. Victory Capital Management Inc. now owns 300,963 shares of the company's stock valued at $22,295,000 after purchasing an additional 5,872 shares during the last quarter. Finally, First Manhattan CO. LLC. grew its stake in Howard Hughes by 8.4% in the 1st quarter. First Manhattan CO. LLC. now owns 267,978 shares of the company's stock valued at $19,852,000 after buying an additional 20,684 shares during the last quarter. Institutional investors own 93.83% of the company's stock.

Howard Hughes Price Performance

Shares of Howard Hughes stock opened at $80.63 on Tuesday. The firm has a market cap of $4.79 billion, a P/E ratio of 17.64 and a beta of 1.23. The firm's 50-day simple moving average is $78.92 and its 200-day simple moving average is $72.13. Howard Hughes Holdings Inc. has a twelve month low of $61.40 and a twelve month high of $87.77. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.18 and a current ratio of 1.18.

Insider Activity

In other news, Director Anthony Williams sold 1,100 shares of the stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $79.58, for a total value of $87,538.00. Following the completion of the transaction, the director directly owned 8,102 shares of the company's stock, valued at approximately $644,757.16. This represents a 11.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 48.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Howard Hughes from $76.00 to $85.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Zacks Research raised shares of Howard Hughes from a "hold" rating to a "strong-buy" rating in a report on Monday, September 22nd. Weiss Ratings restated a "hold (c-)" rating on shares of Howard Hughes in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Howard Hughes from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Howard Hughes has a consensus rating of "Moderate Buy" and a consensus price target of $83.33.

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.

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