Callan Family Office LLC Makes New Investment in Howard Hughes Holdings Inc. $HHH

Key Points

• Callan Family Office LLC has acquired a new stake in Howard Hughes Holdings Inc., purchasing 6,439 shares valued at approximately $435,000 during the 2nd quarter.
• Institutional investors now own 93.83% of Howard Hughes Holdings Inc., with multiple hedge funds adjusting their positions in the first quarter.
• Analysts have varying ratings on Howard Hughes, with Zacks Research upgrading it to a strong-buy and JPMorgan Chase lifting the target price to $85.00.

Callan Family Office LLC acquired a new position in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,439 shares of the company's stock, valued at approximately $435,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Howard Hughes by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,495,852 shares of the company's stock worth $184,894,000 after acquiring an additional 10,405 shares during the period. Egerton Capital UK LLP increased its stake in shares of Howard Hughes by 169.5% in the first 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 in the last quarter. American Century Companies Inc. increased its stake in shares of Howard Hughes by 24.8% in 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 in the last quarter. Victory Capital Management Inc. increased its stake in shares of Howard Hughes by 2.0% in the first quarter. Victory Capital Management Inc. now owns 300,963 shares of the company's stock worth $22,295,000 after purchasing an additional 5,872 shares in the last quarter. Finally, First Manhattan CO. LLC. increased its stake in shares of Howard Hughes by 8.4% in the first quarter. First Manhattan CO. LLC. now owns 267,978 shares of the company's stock worth $19,852,000 after purchasing an additional 20,684 shares in the last quarter. Institutional investors own 93.83% of the company's stock.

Howard Hughes Price Performance

HHH stock opened at $79.65 on Wednesday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.18 and a quick ratio of 1.18. Howard Hughes Holdings Inc. has a one year low of $61.40 and a one year high of $87.77. The stock has a market cap of $4.73 billion, a PE ratio of 17.43 and a beta of 1.23. The firm has a 50 day simple moving average of $78.12 and a two-hundred day simple moving average of $71.91.

Insider Buying and Selling

In other Howard Hughes news, Director Anthony Williams sold 1,100 shares of the business's stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $79.58, for a total value of $87,538.00. Following the completion of the transaction, the director owned 8,102 shares of the company's stock, valued at $644,757.16. The trade was a 11.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 48.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on HHH. Zacks Research upgraded shares of Howard Hughes from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 22nd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Howard Hughes in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of Howard Hughes from $76.00 to $85.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Finally, Wall Street Zen downgraded shares of Howard Hughes from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.33.

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.

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