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

A number of other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted 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 valued at $184,894,000 after purchasing an additional 10,405 shares in the last quarter. Egerton Capital UK LLP boosted its stake in shares of Howard Hughes by 169.5% during 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 in the last quarter. American Century Companies Inc. boosted 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 worth $57,773,000 after acquiring an additional 155,110 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Howard Hughes by 2.0% during the 1st 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 in the last quarter. Finally, Impax Asset Management Group plc boosted its stake in shares of Howard Hughes by 2.1% during the 1st quarter. Impax Asset Management Group plc now owns 262,705 shares of the company's stock worth $19,461,000 after acquiring an additional 5,312 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

Howard Hughes Price Performance

HHH stock traded up $2.45 on Thursday, reaching $81.23. The company had a trading volume of 195,258 shares, compared to its average volume of 456,791. 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 quick ratio of 1.18 and a current ratio of 1.18. The company's fifty day moving average is $72.19 and its 200 day moving average is $70.82. The company has a market cap of $4.83 billion, a P/E ratio of 17.78 and a beta of 1.21.

Analyst Ratings Changes

HHH has been the topic of several research analyst reports. Piper Sandler decreased their price target 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. JPMorgan Chase & Co. boosted their price target on Howard Hughes from $76.00 to $85.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Wall Street Zen lowered Howard Hughes from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Zacks Research lowered Howard Hughes from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $83.33.

Howard Hughes 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.