Crossingbridge Advisors LLC acquired a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,000 shares of the company's stock, valued at approximately $444,000.
A number of other hedge funds also recently made changes to their positions in HHH. Candriam S.C.A. purchased a new position in Howard Hughes in the 1st quarter worth $1,335,000. Capital Fund Management S.A. raised its position in Howard Hughes by 98.5% in the 1st quarter. Capital Fund Management S.A. now owns 41,924 shares of the company's stock worth $3,106,000 after purchasing an additional 20,800 shares during the period. EntryPoint Capital LLC raised its position in Howard Hughes by 20.1% in the 1st quarter. EntryPoint Capital LLC now owns 9,132 shares of the company's stock worth $676,000 after purchasing an additional 1,527 shares during the period. Northern Trust Corp raised its position in Howard Hughes by 1.3% in the 1st quarter. Northern Trust Corp now owns 237,170 shares of the company's stock worth $17,570,000 after purchasing an additional 3,149 shares during the period. Finally, Northwest & Ethical Investments L.P. raised its position in Howard Hughes by 16.1% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 24,247 shares of the company's stock worth $1,796,000 after purchasing an additional 3,364 shares during the period. 93.83% of the stock is owned by institutional investors.
Howard Hughes Trading Up 0.1%
Shares of HHH stock traded up $0.04 during mid-day trading on Tuesday, reaching $75.14. The stock had a trading volume of 130,511 shares, compared to its average volume of 464,059. The stock's 50-day moving average price is $70.11 and its two-hundred day moving average price is $70.63. 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 capitalization of $4.46 billion, a PE ratio of 16.44 and a beta of 1.22. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.85.
Analyst Ratings Changes
HHH has been the topic of a number of analyst reports. BMO Capital Markets decreased their target price on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Piper Sandler decreased their target price on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Wall Street Zen cut shares of Howard Hughes from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. cut shares of Howard Hughes from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $82.00 to $76.00 in a research report on Monday, June 23rd. Finally, Zacks Research cut shares of Howard Hughes from a "strong-buy" rating to a "hold" rating in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $80.33.
Check Out Our Latest Stock Analysis on HHH
Howard Hughes Profile
(
Free Report)
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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