Gotham Asset Management LLC Has $17.88 Million Stake in 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 lifted its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 27.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 241,420 shares of the company's stock after purchasing an additional 52,702 shares during the period. Gotham Asset Management LLC owned 0.48% of Howard Hughes worth $17,884,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. AQR Capital Management LLC grew its holdings in shares of Howard Hughes by 37.7% during the first quarter. AQR Capital Management LLC now owns 147,754 shares of the company's stock worth $10,946,000 after purchasing an additional 40,414 shares during the last quarter. Dark Forest Capital Management LP grew its holdings in shares of Howard Hughes by 134.0% during the first quarter. Dark Forest Capital Management LP now owns 59,536 shares of the company's stock worth $4,410,000 after purchasing an additional 34,093 shares during the last quarter. First Manhattan CO. LLC. grew its holdings in shares of Howard Hughes by 8.4% during the first quarter. First Manhattan CO. LLC. now owns 267,978 shares of the company's stock worth $19,852,000 after purchasing an additional 20,684 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Howard Hughes by 236.0% during the first quarter. Cubist Systematic Strategies LLC now owns 61,395 shares of the company's stock worth $4,548,000 after purchasing an additional 43,122 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Howard Hughes by 1,900.6% during the first quarter. Royal Bank of Canada now owns 99,248 shares of the company's stock worth $7,353,000 after purchasing an additional 94,287 shares during the last quarter. Institutional investors own 93.83% of the company's stock.

Howard Hughes Trading Up 2.6%

NYSE:HHH traded up $2.06 during mid-day trading on Thursday, hitting $80.84. The company had a trading volume of 150,543 shares, compared to its average volume of 456,573. Howard Hughes Holdings Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $87.77. The business's fifty day moving average is $72.19 and its two-hundred day moving average is $70.82. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $4.80 billion, a P/E ratio of 17.69 and a beta of 1.21.

Analysts Set New Price Targets

Several analysts have recently commented on HHH shares. Wall Street Zen cut Howard Hughes from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. upped their price target on Howard Hughes from $76.00 to $85.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. Zacks Research cut Howard Hughes from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Piper Sandler decreased their price target 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 research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $83.33.

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.