Hilltop National Bank Takes $273,000 Position in Howard Hughes Holdings Inc. $HHH

Key Points

• Hilltop National Bank has made a new investment in Howard Hughes Holdings Inc. with a purchase of 4,044 shares valued at approximately $273,000.
• Several institutional investors have increased their stakes in Howard Hughes, with 93.83% of the company's stock now owned by hedge funds and other institutional investors.
• Analysts have mixed opinions on Howard Hughes stock, with upgrades from JPMorgan and Zacks Research, but also a downgrade from Wall Street Zen, leading to an average rating of "Moderate Buy".

Hilltop National Bank purchased a new stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,044 shares of the company's stock, valued at approximately $273,000.

A number of other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in Howard Hughes by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,495,852 shares of the company's stock worth $184,894,000 after buying an additional 10,405 shares during the period. Egerton Capital UK LLP lifted its stake in Howard Hughes by 169.5% in the first quarter. Egerton Capital UK LLP now owns 1,196,288 shares of the company's stock worth $88,621,000 after acquiring an additional 752,325 shares during the period. American Century Companies Inc. lifted its stake in Howard Hughes by 24.8% in the first quarter. American Century Companies Inc. now owns 779,879 shares of the company's stock worth $57,773,000 after acquiring an additional 155,110 shares during the period. Victory Capital Management Inc. lifted its stake in Howard Hughes by 2.0% in the first quarter. Victory Capital Management Inc. now owns 300,963 shares of the company's stock worth $22,295,000 after acquiring an additional 5,872 shares during the period. Finally, First Manhattan CO. LLC. lifted its stake in Howard Hughes by 8.4% in the first quarter. First Manhattan CO. LLC. now owns 267,978 shares of the company's stock worth $19,852,000 after acquiring an additional 20,684 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Howard Hughes Stock Performance

Shares of NYSE HHH opened at $84.77 on Friday. Howard Hughes Holdings Inc. has a 1 year low of $61.40 and a 1 year high of $87.77. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $5.04 billion, a PE ratio of 18.55 and a beta of 1.23. The firm has a fifty day moving average price of $76.40 and a 200-day moving average price of $71.64.

Analyst Upgrades and Downgrades

HHH has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Howard Hughes from $76.00 to $85.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Zacks Research upgraded Howard Hughes from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 22nd. Wall Street Zen lowered Howard Hughes from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Howard Hughes in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Howard Hughes has an average rating of "Moderate Buy" and a consensus target price of $83.33.

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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