Candriam S.C.A. Takes Position 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 shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 18,019 shares of the company's stock, valued at approximately $1,335,000.

Other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in shares of Howard Hughes by 910.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 394 shares of the company's stock valued at $29,000 after buying an additional 355 shares during the period. National Bank of Canada FI acquired a new stake in Howard Hughes in the 1st quarter valued at approximately $37,000. Larson Financial Group LLC increased its holdings in Howard Hughes by 2,290.9% in the 1st quarter. Larson Financial Group LLC now owns 526 shares of the company's stock valued at $39,000 after purchasing an additional 504 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in Howard Hughes by 14,500.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 876 shares of the company's stock valued at $65,000 after purchasing an additional 870 shares during the last quarter. Finally, Whittier Trust Co. acquired a new stake in Howard Hughes in the 1st quarter valued at approximately $161,000. Hedge funds and other institutional investors own 93.83% of the company's stock.

Wall Street Analysts Forecast Growth

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

Howard Hughes Stock Performance

NYSE:HHH opened at $75.49 on Friday. The company has a fifty day simple moving average of $70.01 and a two-hundred day simple moving average of $70.69. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 16.52 and a beta of 1.22. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.85. Howard Hughes Holdings Inc. has a 52 week low of $61.40 and a 52 week high of $87.77.

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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