Quantbot Technologies LP Sells 4,799 Shares of Howard Hughes Holdings Inc. $HHH

Key Points

• Quantbot Technologies LP has cut its stake in Howard Hughes Holdings Inc. by 24.6%, owning 14,739 shares valued at approximately $1,092,000 after the reduction.
• Multiple institutional investors have adjusted their positions in Howard Hughes, with Raymond James Financial Inc. significantly increasing its holdings by 625.4%.
• Analysts have revised their price targets for Howard Hughes, with Piper Sandler lowering it from $105.00 to $85.00 while maintaining an "overweight" rating.

Quantbot Technologies LP cut its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 24.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,739 shares of the company's stock after selling 4,799 shares during the period. Quantbot Technologies LP's holdings in Howard Hughes were worth $1,092,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp grew its stake in shares of Howard Hughes by 1.3% during the 1st quarter. Northern Trust Corp now owns 237,170 shares of the company's stock worth $17,570,000 after purchasing an additional 3,149 shares during the period. Northwest & Ethical Investments L.P. raised its stake in Howard Hughes by 16.1% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 24,247 shares of the company's stock valued at $1,796,000 after purchasing an additional 3,364 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Howard Hughes by 625.4% during the 1st quarter. Raymond James Financial Inc. now owns 39,822 shares of the company's stock valued at $2,950,000 after acquiring an additional 34,332 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Howard Hughes by 24.8% during the 1st quarter. American Century Companies Inc. now owns 779,879 shares of the company's stock valued at $57,773,000 after acquiring an additional 155,110 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Howard Hughes by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,495,852 shares of the company's stock valued at $184,894,000 after acquiring an additional 10,405 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Howard Hughes Stock Up 0.9%

NYSE:HHH traded up $0.66 during mid-day trading on Friday, reaching $76.21. The stock had a trading volume of 277,084 shares, compared to its average volume of 367,195. Howard Hughes Holdings Inc. has a fifty-two week low of $61.40 and a fifty-two week 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 business's 50 day moving average is $70.61 and its 200 day moving average is $70.70. The stock has a market cap of $4.53 billion, a P/E ratio of 16.68 and a beta of 1.22.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Zacks Research cut Howard Hughes from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. BMO Capital Markets dropped their price target on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Piper Sandler dropped their price target on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. JPMorgan Chase & Co. lifted 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. Finally, Wall Street Zen downgraded shares of Howard Hughes from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Howard Hughes has a consensus rating of "Moderate Buy" and an average price target 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.