Howard Hughes Holdings Inc. $HHH Shares Bought by Comerica Bank

Key Points

• Comerica Bank significantly increased its holdings in Howard Hughes Holdings Inc. by 619.4% during Q1, now owning 7,136 shares worth approximately $529,000.
• Institutional investors own 93.83% of Howard Hughes stock, with several institutions like Jump Financial LLC and Resolute Capital Asset Partners also raising their positions during the same period.
• Analysts gave mixed ratings for Howard Hughes, with a current average rating of "Moderate Buy" and a target price of $83.33 following recent adjustments by firms like JPMorgan and Zacks Research.

Comerica Bank increased its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 619.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,136 shares of the company's stock after purchasing an additional 6,144 shares during the period. Comerica Bank's holdings in Howard Hughes were worth $529,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Howard Hughes by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,495,852 shares of the company's stock worth $184,894,000 after purchasing an additional 10,405 shares during the period. Egerton Capital UK LLP lifted its stake in shares of Howard Hughes by 169.5% in the 1st 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. boosted its holdings in shares of 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 in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of 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 in the last quarter. Finally, Impax Asset Management Group plc boosted its holdings in shares of Howard Hughes by 2.1% in the first quarter. Impax Asset Management Group plc now owns 262,705 shares of the company's stock valued at $19,461,000 after acquiring an additional 5,312 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

Howard Hughes Price Performance

Shares of HHH stock traded down $0.02 during midday trading on Friday, reaching $81.63. 412,060 shares of the company traded hands, compared to its average volume of 322,544. The firm's 50 day simple moving average is $72.67 and its two-hundred day simple moving average is $70.91. 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 firm has a market cap of $4.85 billion, a PE ratio of 17.86 and a beta of 1.21.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Zacks Research downgraded shares of Howard Hughes from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Wall Street Zen downgraded shares of Howard Hughes from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. lifted their target price on shares of Howard Hughes from $76.00 to $85.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Finally, Piper Sandler lowered their target price on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Howard Hughes has a consensus rating of "Moderate Buy" and a consensus 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.