Cubist Systematic Strategies LLC Has $4.55 Million Stake in Howard Hughes Holdings Inc. $HHH

Key Points

• Cubist Systematic Strategies LLC significantly increased its stake in Howard Hughes Holdings Inc. by 236.0% during the first quarter, owning approximately 0.12% of the company, valued at $4.55 million.
• Multiple institutional investors also boosted their positions in Howard Hughes, with Dimensional Fund Advisors LP now holding $184.89 million worth of shares after a 0.4% increase in their stake.
• Wall Street analysts have mixed ratings for Howard Hughes, with a consensus target price of $83.33 and investment ratings ranging from "Buy" to "Sell."

Cubist Systematic Strategies LLC raised its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 236.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 61,395 shares of the company's stock after purchasing an additional 43,122 shares during the quarter. Cubist Systematic Strategies LLC owned 0.12% of Howard Hughes worth $4,548,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Egerton Capital UK LLP grew its position in Howard Hughes by 169.5% during the first quarter. Egerton Capital UK LLP now owns 1,196,288 shares of the company's stock worth $88,621,000 after buying an additional 752,325 shares in the last quarter. Hudson Bay Capital Management LP acquired a new position in Howard Hughes in the 4th quarter valued at approximately $15,187,000. American Century Companies Inc. lifted its position in shares of Howard Hughes by 24.8% in the 1st quarter. American Century Companies Inc. now owns 779,879 shares of the company's stock worth $57,773,000 after acquiring an additional 155,110 shares during the period. Balyasny Asset Management L.P. grew its holdings in shares of Howard Hughes by 92.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 266,590 shares of the company's stock worth $20,506,000 after purchasing an additional 128,231 shares in the last quarter. Finally, Alpine Associates Management Inc. bought a new stake in shares of Howard Hughes during the first quarter valued at approximately $8,226,000. Institutional investors and hedge funds own 93.83% of the company's stock.

Analyst Ratings Changes

HHH has been the subject of a number of recent research reports. Zacks Research lowered Howard Hughes from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. increased their price objective on shares of Howard Hughes from $76.00 to $85.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. Wall Street Zen downgraded shares of Howard Hughes from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Piper Sandler lowered 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 note on Friday, May 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.com, Howard Hughes currently has an average rating of "Moderate Buy" and a consensus price target of $83.33.

Howard Hughes Price Performance

Shares of NYSE HHH traded up $0.66 during midday trading on Wednesday, reaching $78.78. 263,595 shares of the company traded hands, compared to its average volume of 324,043. Howard Hughes Holdings Inc. has a 12 month low of $61.40 and a 12 month high of $87.77. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.18 and a current ratio of 1.18. The stock's 50-day simple moving average is $72.19 and its 200-day simple moving average is $70.82. The firm has a market cap of $4.68 billion, a PE ratio of 17.24 and a beta of 1.21.

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.