Deutsche Bank AG Increases Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Deutsche Bank AG grew its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 668.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,072 shares of the company's stock after acquiring an additional 78,345 shares during the period. Deutsche Bank AG owned about 0.18% of Howard Hughes worth $6,928,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HHH. Egerton Capital UK LLP bought a new stake in shares of Howard Hughes during the fourth quarter valued at approximately $34,150,000. Norges Bank bought a new stake in shares of Howard Hughes during the fourth quarter valued at approximately $29,287,000. T. Rowe Price Investment Management Inc. raised its stake in shares of Howard Hughes by 48.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 828,317 shares of the company's stock valued at $63,715,000 after acquiring an additional 269,402 shares in the last quarter. River Road Asset Management LLC raised its stake in Howard Hughes by 235.9% in the fourth quarter. River Road Asset Management LLC now owns 312,566 shares of the company's stock worth $24,043,000 after buying an additional 219,514 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Howard Hughes by 50.3% in the fourth quarter. American Century Companies Inc. now owns 624,769 shares of the company's stock worth $48,057,000 after buying an additional 209,217 shares in the last quarter. Institutional investors own 93.83% of the company's stock.

Howard Hughes Stock Down 0.6%

NYSE HHH traded down $0.41 on Friday, hitting $66.65. The stock had a trading volume of 585,641 shares, compared to its average volume of 347,421. The business's fifty day moving average price is $69.30 and its 200 day moving average price is $75.12. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. Howard Hughes Holdings Inc. has a 52-week low of $59.83 and a 52-week high of $87.77. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 44.14 and a beta of 1.21.

Howard Hughes (NYSE:HHH - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The business had revenue of $199.33 million for the quarter, compared to analyst estimates of $187.43 million. Howard Hughes's quarterly revenue was up 27.3% compared to the same quarter last year. Equities research analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Piper Sandler reduced their price objective on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on shares of Howard Hughes from $84.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, April 29th. Finally, BMO Capital Markets reduced their price objective on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th.

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.