Brandywine Global Investment Management LLC Lowers Position in Howard Hughes Holdings Inc. $HHH

Key Points

• Brandywine Global Investment Management LLC decreased its stake in Howard Hughes Holdings Inc. by 5.8%, now holding 542,921 shares valued at approximately $40.22 million.
• The stock price of Howard Hughes has recently fluctuated, currently at $73.45, which is down 1.5% from previous levels, with a twelve-month range between $61.40 and $87.77.
• Analysts have recently downgraded Howard Hughes, with JPMorgan Chase & Co. lowering its target price from $82.00 to $76.00, reflecting a more cautious outlook on the stock performance.

Brandywine Global Investment Management LLC cut its position in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 542,921 shares of the company's stock after selling 33,342 shares during the quarter. Brandywine Global Investment Management LLC owned 1.08% of Howard Hughes worth $40,220,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in Howard Hughes during the 4th quarter worth approximately $511,000. Alliancebernstein L.P. increased its holdings in Howard Hughes by 58.9% in the fourth quarter. Alliancebernstein L.P. now owns 18,343 shares of the company's stock valued at $1,411,000 after purchasing an additional 6,796 shares during the period. Wells Fargo & Company MN increased its holdings in Howard Hughes by 1.6% in the fourth quarter. Wells Fargo & Company MN now owns 10,707 shares of the company's stock valued at $824,000 after purchasing an additional 173 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Howard Hughes by 5.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 13,679 shares of the company's stock valued at $1,052,000 after buying an additional 683 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in Howard Hughes by 33.5% during the 4th quarter. Cerity Partners LLC now owns 12,271 shares of the company's stock worth $946,000 after acquiring an additional 3,082 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen cut shares of Howard Hughes from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. lowered Howard Hughes from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $82.00 to $76.00 in a report on Monday, June 23rd. BMO Capital Markets cut their price objective on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Finally, Piper Sandler decreased their target price on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $80.33.

Howard Hughes Stock Performance

Howard Hughes stock traded up $1.09 during midday trading on Tuesday, reaching $74.38. The stock had a trading volume of 365,178 shares, compared to its average volume of 470,061. The firm has a market capitalization of $4.42 billion, a PE ratio of 16.28 and a beta of 1.22. Howard Hughes Holdings Inc. has a 12 month low of $61.40 and a 12 month 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. The firm's 50-day moving average price is $69.71 and its 200 day moving average price is $70.70.

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.