Capital Fund Management S.A. Buys 20,800 Shares of Howard Hughes Holdings Inc. $HHH

Key Points

• Capital Fund Management S.A. increased its stake in Howard Hughes Holdings Inc. by 98.5%, owning approximately 41,924 shares worth $3,106,000 after purchasing an additional 20,800 shares in the first quarter.
• Analysts have recently revised their price targets for Howard Hughes, with Piper Sandler lowering their target from $105.00 to $85.00 and JPMorgan Chase & Co. cutting it from $82.00 to $76.00.
• Howard Hughes' shares have appreciated 4.0%, with the stock currently trading at $75.49 after reaching a twelve-month high of $87.77.

Capital Fund Management S.A. lifted its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 98.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,924 shares of the company's stock after purchasing an additional 20,800 shares during the quarter. Capital Fund Management S.A. owned 0.08% of Howard Hughes worth $3,106,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Howard Hughes by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,495,852 shares of the company's stock valued at $184,894,000 after buying an additional 10,405 shares in the last quarter. Egerton Capital UK LLP increased its holdings 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 purchasing an additional 752,325 shares in the last quarter. American Century Companies Inc. grew 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 valued at $57,773,000 after acquiring an additional 155,110 shares during the period. Victory Capital Management Inc. grew 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 valued at $22,295,000 after acquiring an additional 5,872 shares during the period. Finally, Balyasny Asset Management L.P. grew its stake in Howard Hughes by 92.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 266,590 shares of the company's stock valued at $20,506,000 after acquiring an additional 128,231 shares during the period. 93.83% of the stock is owned by institutional investors and hedge funds.

Howard Hughes Stock Up 0.5%

Shares of NYSE:HHH traded up $0.40 during trading on Friday, hitting $75.95. The stock had a trading volume of 123,968 shares, compared to its average volume of 461,762. Howard Hughes Holdings Inc. has a 12 month low of $61.40 and a 12 month high of $87.77. The company has a market capitalization of $4.51 billion, a PE ratio of 16.62 and a beta of 1.22. The firm's fifty day moving average is $70.47 and its 200 day moving average is $70.70. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.85.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Zacks Research cut Howard Hughes from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. boosted their target price on Howard Hughes from $76.00 to $85.00 and gave the company a "neutral" rating in a research note on Friday. Piper Sandler decreased 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. BMO Capital Markets decreased 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. Finally, Wall Street Zen cut Howard Hughes from a "hold" rating to a "sell" rating in a research 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.33.

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.