GSA Capital Partners LLP Buys 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 increased its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 103.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of HHH. Larson Financial Group LLC boosted its stake in Howard Hughes by 2,290.9% in the 1st quarter. Larson Financial Group LLC now owns 526 shares of the company's stock valued at $39,000 after buying an additional 504 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Howard Hughes by 14,500.0% in the first quarter. SBI Securities Co. Ltd. now owns 876 shares of the company's stock worth $65,000 after purchasing an additional 870 shares in the last quarter. Huntington National Bank boosted its stake in Howard Hughes by 335.5% in the fourth quarter. Huntington National Bank now owns 932 shares of the company's stock worth $72,000 after purchasing an additional 718 shares in the last quarter. Whittier Trust Co. acquired a new position in Howard Hughes in the first quarter worth $161,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Howard Hughes by 116.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,340 shares of the company's stock worth $174,000 after purchasing an additional 1,260 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Trading Down 1.5%

Shares of HHH traded down $1.06 during trading hours on Friday, hitting $67.67. 455,563 shares of the stock traded hands, compared to its average volume of 381,942. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.84. Howard Hughes Holdings Inc. has a 1-year low of $59.83 and a 1-year high of $87.77. The firm has a market capitalization of $3.41 billion, a PE ratio of 12.99 and a beta of 1.22. The business has a fifty day moving average of $68.96 and a 200-day moving average of $71.14.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HHH shares. JPMorgan Chase & Co. lowered Howard Hughes from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $82.00 to $76.00 in a research note on Monday, June 23rd. Piper Sandler reduced their price objective on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Finally, BMO Capital Markets reduced their price objective on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th.

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.