DRW Securities LLC Decreases Position in Howard Hughes Holdings Inc. $HHH

Key Points

• DRW Securities LLC has reduced its stake in Howard Hughes Holdings Inc. by 51.8%, owning approximately 0.07% of the company due to the sale of 37,370 shares in the first quarter.
• In contrast, several other institutional investors have increased their positions, with Egerton Capital UK LLP boosting its stake by 169.5% during the same period.
• Wall Street analysts remain cautiously optimistic, with a consensus rating of "Moderate Buy" and an average price target of $83.33 for Howard Hughes stock.

DRW Securities LLC decreased its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 51.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,758 shares of the company's stock after selling 37,370 shares during the quarter. DRW Securities LLC owned approximately 0.07% of Howard Hughes worth $2,575,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Howard Hughes by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,495,852 shares of the company's stock worth $184,894,000 after purchasing an additional 10,405 shares during the last quarter. Egerton Capital UK LLP increased 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 during the period. American Century Companies Inc. increased its position in Howard Hughes by 24.8% during the first quarter. American Century Companies Inc. now owns 779,879 shares of the company's stock worth $57,773,000 after buying an additional 155,110 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Howard Hughes by 2.0% in the first quarter. Victory Capital Management Inc. now owns 300,963 shares of the company's stock valued at $22,295,000 after purchasing an additional 5,872 shares during the period. Finally, Balyasny Asset Management L.P. increased its holdings in shares of Howard Hughes by 92.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 266,590 shares of the company's stock valued at $20,506,000 after purchasing an additional 128,231 shares during the period. Hedge funds and other institutional investors own 93.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HHH. JPMorgan Chase & Co. boosted their target price on Howard Hughes from $76.00 to $85.00 and gave the company a "neutral" rating in a report on Friday. Wall Street Zen lowered Howard Hughes from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. BMO Capital Markets dropped their price objective on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Zacks Research lowered Howard Hughes from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Piper Sandler dropped their price objective on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $83.33.

Howard Hughes Stock Up 0.9%

Shares of NYSE:HHH opened at $76.21 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.85. Howard Hughes Holdings Inc. has a 52-week low of $61.40 and a 52-week high of $87.77. The stock's fifty day simple moving average is $70.61 and its 200-day simple moving average is $70.67. The company has a market capitalization of $4.53 billion, a P/E ratio of 16.68 and a beta of 1.22.

About Howard Hughes

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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