Gotham Asset Management LLC Acquires 52,702 Shares of Howard Hughes Holdings Inc. $HHH

Key Points

• Gotham Asset Management LLC increased its stake in Howard Hughes Holdings Inc. by 27.9%, bringing its total ownership to $17.88 million in 241,420 shares.
• Several institutional investors, including AQR Capital Management and Royal Bank of Canada, have significantly boosted their positions in Howard Hughes during the 1st quarter, indicating strong interest in the company.
• Analysts have recently set mixed ratings on Howard Hughes, with a consensus rating of "Moderate Buy" and a target price of $83.33, following recent adjustments based on market performance.

Gotham Asset Management LLC grew its holdings in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 27.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 241,420 shares of the company's stock after acquiring an additional 52,702 shares during the quarter. Gotham Asset Management LLC owned 0.48% of Howard Hughes worth $17,884,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of Howard Hughes in the fourth quarter valued at about $511,000. Handelsbanken Fonder AB lifted its holdings in shares of Howard Hughes by 37.6% in the first quarter. Handelsbanken Fonder AB now owns 19,758 shares of the company's stock valued at $1,464,000 after purchasing an additional 5,400 shares in the last quarter. LDR Capital Management LLC lifted its holdings in shares of Howard Hughes by 25.2% in the first quarter. LDR Capital Management LLC now owns 31,321 shares of the company's stock valued at $2,320,000 after purchasing an additional 6,306 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Howard Hughes by 24.8% in the first quarter. American Century Companies Inc. now owns 779,879 shares of the company's stock valued at $57,773,000 after purchasing an additional 155,110 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Howard Hughes in the 1st quarter valued at about $353,000. Institutional investors own 93.83% of the company's stock.

Analysts Set New Price Targets

HHH has been the subject of several analyst reports. Piper Sandler decreased their price objective on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company 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. lifted their price target on Howard Hughes from $76.00 to $85.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Finally, Zacks Research cut Howard Hughes from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Howard Hughes presently has an average rating of "Moderate Buy" and a consensus target price of $83.33.

Howard Hughes Stock Performance

Shares of NYSE:HHH traded up $0.66 during trading on Wednesday, reaching $78.78. 213,152 shares of the stock were exchanged, compared to its average volume of 457,881. Howard Hughes Holdings Inc. has a 12 month low of $61.40 and a 12 month high of $87.77. The firm has a market cap of $4.68 billion, a PE ratio of 17.24 and a beta of 1.21. The stock has a 50-day moving average price of $71.99 and a 200-day moving average price of $70.76. 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 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.