Howard Hughes Holdings Inc. $HHH Shares Purchased by Dark Forest Capital Management LP

Key Points

• Dark Forest Capital Management LP increased its position in Howard Hughes Holdings Inc. by 134.0% during Q1, now holding 59,536 shares worth approximately $4.41 million.
• Significant recent investments include Brighton Jones LLC, which acquired a new position worth $511,000, and American Century Companies Inc., which raised its stake by 24.8% to own 779,879 shares valued at $57.77 million.
• Wall Street analysts have mixed ratings on Howard Hughes, with a consensus rating of "Moderate Buy" and an average target price of $83.33, following adjustments in ratings and price targets from various investment firms.

Dark Forest Capital Management LP raised its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 134.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,536 shares of the company's stock after purchasing an additional 34,093 shares during the quarter. Dark Forest Capital Management LP owned 0.12% of Howard Hughes worth $4,410,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in shares of Howard Hughes in the fourth quarter valued at about $511,000. Handelsbanken Fonder AB raised its holdings in shares of Howard Hughes by 37.6% in the first quarter. Handelsbanken Fonder AB now owns 19,758 shares of the company's stock valued at $1,464,000 after acquiring an additional 5,400 shares in the last quarter. LDR Capital Management LLC raised its holdings in shares of Howard Hughes by 25.2% in the first quarter. LDR Capital Management LLC now owns 31,321 shares of the company's stock valued at $2,320,000 after acquiring an additional 6,306 shares in the last quarter. American Century Companies Inc. raised 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. Finally, Teacher Retirement System of Texas bought a new stake in shares of Howard Hughes in the first quarter valued at about $353,000. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Stock Up 1.5%

Shares of HHH stock traded up $1.16 during mid-day trading on Friday, hitting $78.88. 376,231 shares of the stock traded hands, compared to its average volume of 321,572. Howard Hughes Holdings Inc. has a 52-week low of $61.40 and a 52-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 stock has a market cap of $4.69 billion, a P/E ratio of 17.26 and a beta of 1.21. The stock's fifty day moving average is $71.56 and its two-hundred day moving average is $70.67.

Wall Street Analysts Forecast Growth

HHH has been the subject of several recent research reports. Zacks Research downgraded Howard Hughes from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Wall Street Zen lowered shares of Howard Hughes from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. increased their price target on shares of Howard Hughes from $76.00 to $85.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. Finally, Piper Sandler decreased 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 report on Friday, May 23rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.