Charles Schwab Investment Management Inc. Has $18.76 Million Position in Howard Hughes Holdings Inc. $HHH

Key Points

• Charles Schwab Investment Management Inc. reduced its holdings in Howard Hughes Holdings Inc. by 9.8% in Q1, now owning approximately 0.50% of the company, valued at $18.76 million.
• Multiple large investors are adjusting their stakes in Howard Hughes, with Brighton Jones LLC purchasing a new position valued at $511,000 in the fourth quarter.
• Wall Street analysts have lowered target prices for Howard Hughes, with Piper Sandler reducing theirs from $105.00 to $85.00 while maintaining an "overweight" rating.

Charles Schwab Investment Management Inc. decreased its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 9.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 253,207 shares of the company's stock after selling 27,604 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.50% of Howard Hughes worth $18,758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HHH. Egerton Capital UK LLP boosted its stake in shares of Howard Hughes by 169.5% during the 1st quarter. Egerton Capital UK LLP now owns 1,196,288 shares of the company's stock valued at $88,621,000 after buying an additional 752,325 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Howard Hughes by 48.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 828,317 shares of the company's stock worth $63,715,000 after purchasing an additional 269,402 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Howard Hughes by 2.0% in the 1st quarter. Victory Capital Management Inc. now owns 300,963 shares of the company's stock valued at $22,295,000 after buying an additional 5,872 shares in the last quarter. Balyasny Asset Management L.P. raised its position in Howard Hughes by 92.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 266,590 shares of the company's stock valued at $20,506,000 after acquiring an additional 128,231 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its stake in Howard Hughes by 2.1% in the first quarter. Impax Asset Management Group plc now owns 262,705 shares of the company's stock valued at $19,461,000 after acquiring an additional 5,312 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HHH has been the topic of a number of recent research reports. 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 cut their target price on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Zacks Research downgraded Howard Hughes from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. 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. Finally, JPMorgan Chase & Co. lowered shares of Howard Hughes from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $82.00 to $76.00 in a research report on Monday, June 23rd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Howard Hughes has an average rating of "Moderate Buy" and a consensus target price of $80.33.

Howard Hughes Price Performance

Shares of Howard Hughes stock traded up $0.60 during midday trading on Wednesday, hitting $75.55. 171,932 shares of the company were exchanged, compared to its average volume of 464,106. Howard Hughes Holdings Inc. has a 52 week low of $61.40 and a 52 week high of $87.77. The firm has a market cap of $4.49 billion, a P/E ratio of 16.53 and a beta of 1.22. The firm has a 50 day simple moving average of $70.22 and a 200-day simple moving average of $70.66. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.18 and a quick ratio of 1.18.

About Howard Hughes

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.