Dimensional Fund Advisors LP Has $184.89 Million Holdings in Howard Hughes Holdings Inc. $HHH

Key Points

• Dimensional Fund Advisors LP increased its ownership in Howard Hughes Holdings Inc. to 2,495,852 shares, representing a 0.4% rise and valued at approximately $184.9 million.
• Recent analyst ratings for Howard Hughes stocks have seen target price reductions, with JPMorgan lowering theirs from $82 to $76, and Piper Sandler from $105 to $85.
• The company’s stock is currently trading at $74.38, with a market capitalization of $4.42 billion and a consensus rating classified as "Moderate Buy".

Dimensional Fund Advisors LP increased its stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 0.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,495,852 shares of the company's stock after acquiring an additional 10,405 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.95% of Howard Hughes worth $184,894,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its holdings in shares of Howard Hughes by 910.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 394 shares of the company's stock worth $29,000 after acquiring an additional 355 shares during the last quarter. Nuveen LLC acquired a new position in shares of Howard Hughes in the 1st quarter worth $5,631,000. Virtu Financial LLC acquired a new position in shares of Howard Hughes in the 1st quarter worth $431,000. National Bank of Canada FI acquired a new position in shares of Howard Hughes in the 1st quarter worth $37,000. Finally, Jefferies Financial Group Inc. grew its holdings in shares of Howard Hughes by 9.7% in the 1st quarter. Jefferies Financial Group Inc. now owns 9,764 shares of the company's stock worth $723,000 after acquiring an additional 864 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Stock Up 4.0%

NYSE HHH traded up $2.87 on Friday, reaching $75.49. The stock had a trading volume of 325,295 shares, compared to its average volume of 389,925. The business has a 50 day moving average price of $70.01 and a 200 day moving average price of $70.69. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.85. Howard Hughes Holdings Inc. has a 1 year low of $61.40 and a 1 year high of $87.77. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 16.52 and a beta of 1.22.

Wall Street Analysts Forecast Growth

HHH has been the topic of a number of recent research reports. Piper Sandler decreased their target price on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Wall Street Zen cut Howard Hughes from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. downgraded Howard Hughes from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $82.00 to $76.00 in a report on Monday, June 23rd. Finally, BMO Capital Markets lowered their target price on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.33.

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.