Candriam S.C.A. Makes New Investment in Howard Hughes Holdings Inc. $HHH

Key Points

• Candriam S.C.A. has acquired a new stake in Howard Hughes Holdings Inc., purchasing 18,019 shares valued at approximately $1,335,000 during the first quarter.
• Institutional investor activity has surged, with firms like Caitong International and SBI Securities significantly increasing their holdings in Howard Hughes, pushing institutional ownership to 93.83%.
• Several Wall Street analysts have downgraded Howard Hughes' stock ratings, with target prices now as low as $76.00 from previous highs, indicating a cautious outlook.

Candriam S.C.A. purchased a new stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,019 shares of the company's stock, valued at approximately $1,335,000.

A number of other large investors also recently modified their holdings of the company. Capital Fund Management S.A. lifted its stake in shares of Howard Hughes by 98.5% in the 1st quarter. Capital Fund Management S.A. now owns 41,924 shares of the company's stock valued at $3,106,000 after acquiring an additional 20,800 shares during the last quarter. EntryPoint Capital LLC lifted its stake in shares of Howard Hughes by 20.1% in the 1st quarter. EntryPoint Capital LLC now owns 9,132 shares of the company's stock valued at $676,000 after acquiring an additional 1,527 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Howard Hughes by 1.3% in the 1st quarter. Northern Trust Corp now owns 237,170 shares of the company's stock valued at $17,570,000 after acquiring an additional 3,149 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its stake in shares of Howard Hughes by 16.1% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 24,247 shares of the company's stock valued at $1,796,000 after acquiring an additional 3,364 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of Howard Hughes by 625.4% in the 1st quarter. Raymond James Financial Inc. now owns 39,822 shares of the company's stock valued at $2,950,000 after acquiring an additional 34,332 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Trading Up 0.4%

Howard Hughes stock traded up $0.27 during trading hours on Friday, reaching $75.82. 52,912 shares of the company's stock were exchanged, compared to its average volume of 461,362. 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 simple moving average is $70.47 and its 200 day simple moving average is $70.70. Howard Hughes Holdings Inc. has a twelve month low of $61.40 and a twelve month high of $87.77. The firm has a market capitalization of $4.50 billion, a PE ratio of 16.59 and a beta of 1.22.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HHH shares. BMO Capital Markets dropped their price target on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Piper Sandler decreased 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. Wall Street Zen downgraded Howard Hughes from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Zacks Research downgraded Howard Hughes from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. downgraded Howard Hughes from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $82.00 to $76.00 in a report on Monday, June 23rd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $80.33.

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.