Graham Capital Management L.P. Has $2.83 Million Position in Howard Hughes Holdings Inc. $HHH

Key Points

• Graham Capital Management L.P. increased its position in Howard Hughes Holdings Inc. by 20.3% during the first quarter, owning 38,200 shares now valued at approximately $2.83 million.
• Institutional investors own 93.83% of Howard Hughes, with several firms, including Egerton Capital UK LLP and American Century Companies Inc., significantly boosting their stakes in recent months.
• Recent analysis shows mixed ratings for Howard Hughes, with a downgrade from Wall Street Zen to a "sell" rating, while the average price target stands at $83.33.

Graham Capital Management L.P. grew its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 20.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,200 shares of the company's stock after purchasing an additional 6,454 shares during the quarter. Graham Capital Management L.P. owned 0.08% of Howard Hughes worth $2,830,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Trexquant Investment LP increased its position in shares of Howard Hughes by 68.5% during the first quarter. Trexquant Investment LP now owns 66,501 shares of the company's stock worth $4,926,000 after acquiring an additional 27,043 shares during the last quarter. Comerica Bank increased its position in shares of Howard Hughes by 619.4% during the first quarter. Comerica Bank now owns 7,136 shares of the company's stock worth $529,000 after acquiring an additional 6,144 shares during the last quarter. Jump Financial LLC increased its position in shares of Howard Hughes by 52.4% during the first quarter. Jump Financial LLC now owns 15,954 shares of the company's stock worth $1,182,000 after acquiring an additional 5,487 shares during the last quarter. Resolute Capital Asset Partners LLC increased its position in shares of Howard Hughes by 22.2% during the first quarter. Resolute Capital Asset Partners LLC now owns 55,000 shares of the company's stock worth $4,074,000 after acquiring an additional 10,000 shares during the last quarter. Finally, AlphaQuest LLC increased its position in shares of Howard Hughes by 15.1% during the first quarter. AlphaQuest LLC now owns 18,499 shares of the company's stock worth $1,370,000 after acquiring an additional 2,426 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

Wall Street Analyst Weigh In

HHH has been the subject of several research analyst reports. Piper Sandler lowered their price objective on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Zacks Research lowered Howard Hughes from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Wall Street Zen lowered Howard Hughes from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, JPMorgan Chase & Co. lifted 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, August 29th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $83.33.

Howard Hughes Stock Up 1.5%

NYSE:HHH traded up $1.16 during trading hours on Friday, hitting $78.88. 376,120 shares of the stock traded hands, compared to its average volume of 459,676. 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 current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.85. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 17.26 and a beta of 1.21. The firm has a 50 day moving average price of $71.34 and a 200 day moving average price of $70.73.

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.