Brandywine Global Investment Management LLC Reduces Stock 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 trimmed its holdings in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 5.8% during the first quarter, according to the company in its most recent 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 period. Brandywine Global Investment Management LLC owned 1.08% of Howard Hughes worth $40,220,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its stake in Howard Hughes by 910.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 394 shares of the company's stock worth $29,000 after buying an additional 355 shares during the last quarter. National Bank of Canada FI acquired a new stake in Howard Hughes in the 1st quarter worth about $37,000. Larson Financial Group LLC boosted its stake in Howard Hughes by 2,290.9% in the 1st quarter. Larson Financial Group LLC now owns 526 shares of the company's stock worth $39,000 after buying an additional 504 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in Howard Hughes by 14,500.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 876 shares of the company's stock worth $65,000 after buying an additional 870 shares during the last quarter. Finally, Whittier Trust Co. acquired a new position in shares of Howard Hughes in the 1st quarter valued at about $161,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Howard Hughes Stock Down 1.0%

HHH stock traded down $0.7470 during midday trading on Wednesday, hitting $73.6330. 322,258 shares of the company's stock were exchanged, compared to its average volume of 398,330. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.85. Howard Hughes Holdings Inc. has a 12-month low of $61.40 and a 12-month high of $87.77. The firm has a 50 day moving average price of $69.85 and a 200-day moving average price of $70.74. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 16.11 and a beta of 1.22.

Wall Street Analyst Weigh In

HHH has been the topic of several research analyst reports. Wall Street Zen lowered 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 Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. JPMorgan Chase & Co. lowered Howard Hughes from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $82.00 to $76.00 in a research note on Monday, June 23rd. Finally, BMO Capital Markets reduced their price objective on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $80.33.

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.