Dimensional Fund Advisors LP Purchases 10,405 Shares of 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 grew its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 0.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,495,852 shares of the company's stock after purchasing an additional 10,405 shares during the quarter. Dimensional Fund Advisors LP owned about 4.95% of Howard Hughes worth $184,894,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Egerton Capital UK LLP boosted its stake 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 acquiring an additional 752,325 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position 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. Dendur Capital LP grew its stake in shares of Howard Hughes by 22.7% in the 4th quarter. Dendur Capital LP now owns 813,200 shares of the company's stock valued at $62,551,000 after buying an additional 150,200 shares during the period. 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 during the period. Finally, Balyasny Asset Management L.P. increased its position in Howard Hughes by 92.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 266,590 shares of the company's stock valued at $20,506,000 after buying an additional 128,231 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

Howard Hughes Stock Performance

Shares of Howard Hughes stock traded down $0.38 during mid-day trading on Monday, hitting $75.11. 289,400 shares of the stock were exchanged, compared to its average volume of 389,864. Howard Hughes Holdings Inc. has a 12 month low of $61.40 and a 12 month high of $87.77. The company has a 50-day simple moving average of $70.11 and a 200 day simple moving average of $70.63. The company has a market capitalization of $4.46 billion, a P/E ratio of 16.44 and a beta of 1.22. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.18 and a current ratio of 1.18.

Analysts Set New Price Targets

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