GSA Capital Partners LLP Purchases 9,323 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

Key Points

• GSA Capital Partners LLP significantly increased its stake in Howard Hughes Holdings, acquiring 9,323 shares during the first quarter, bringing their total holdings to 18,372 shares worth $1,361,000.
• Several institutional investors, including Proficio Capital Partners and Wells Fargo, have also recently adjusted their positions in Howard Hughes, indicating a strong institutional ownership of 93.83%.
• Analysts have lowered their price targets for Howard Hughes, with BMO Capital Markets adjusting its target from $85.00 to $80.00 and JPMorgan Chase reducing its target from $82.00 to $76.00.

GSA Capital Partners LLP lifted its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 103.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,372 shares of the company's stock after purchasing an additional 9,323 shares during the period. GSA Capital Partners LLP's holdings in Howard Hughes were worth $1,361,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of HHH. Larson Financial Group LLC increased its stake in shares of Howard Hughes by 2,290.9% during the first quarter. Larson Financial Group LLC now owns 526 shares of the company's stock valued at $39,000 after acquiring an additional 504 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of Howard Hughes by 14,500.0% during the first quarter. SBI Securities Co. Ltd. now owns 876 shares of the company's stock valued at $65,000 after acquiring an additional 870 shares during the period. Huntington National Bank increased its stake in shares of Howard Hughes by 335.5% during the fourth quarter. Huntington National Bank now owns 932 shares of the company's stock valued at $72,000 after acquiring an additional 718 shares during the period. Whittier Trust Co. acquired a new position in shares of Howard Hughes during the first quarter valued at approximately $161,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Howard Hughes by 116.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,340 shares of the company's stock valued at $174,000 after acquiring an additional 1,260 shares during the period. Institutional investors own 93.83% of the company's stock.

Howard Hughes Stock Performance

NYSE HHH traded down $1.06 during midday trading on Friday, hitting $67.67. The company had a trading volume of 455,563 shares, compared to its average volume of 381,942. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.84. The firm has a fifty day simple moving average of $68.96 and a two-hundred day simple moving average of $71.10. Howard Hughes Holdings Inc. has a fifty-two week low of $59.83 and a fifty-two week high of $87.77. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 12.99 and a beta of 1.22.

Howard Hughes (NYSE:HHH - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. The business had revenue of $199.33 million during the quarter, compared to the consensus estimate of $187.43 million. Howard Hughes had a net margin of 14.27% and a return on equity of 10.21%. The firm's revenue for the quarter was up 27.3% on a year-over-year basis. Equities analysts forecast that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HHH has been the subject of a number of research reports. BMO Capital Markets reduced their target price on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Piper Sandler reduced their target price on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. cut shares of Howard Hughes from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $82.00 to $76.00 in a report on Monday, June 23rd.

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.