Ieq Capital LLC Sells 8,059 Shares of Howard Hughes Holdings Inc. $HHH

Key Points

• Ieq Capital LLC has significantly reduced its holdings in Howard Hughes Holdings Inc. by 60.5%, owning 5,263 shares after selling 8,059 shares in the first quarter.
• Comerica Bank dramatically increased its stake by 619.4%, followed by other institutional investors, with over 93.83% of the stock now owned by institutional investors and hedge funds.
• Analyst ratings for the stock have varied, with a consensus rating of "Moderate Buy" and an average target price of $83.33, despite some firms downgrading their ratings recently.

Ieq Capital LLC reduced its position in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 60.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,263 shares of the company's stock after selling 8,059 shares during the quarter. Ieq Capital LLC's holdings in Howard Hughes were worth $390,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in shares of Howard Hughes in the 4th quarter valued at $511,000. Handelsbanken Fonder AB boosted its stake in shares of Howard Hughes by 37.6% in the 1st quarter. Handelsbanken Fonder AB now owns 19,758 shares of the company's stock valued at $1,464,000 after purchasing an additional 5,400 shares during the last quarter. LDR Capital Management LLC boosted its stake in shares of Howard Hughes by 25.2% in the 1st quarter. LDR Capital Management LLC now owns 31,321 shares of the company's stock valued at $2,320,000 after purchasing an additional 6,306 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Howard Hughes by 24.8% in the 1st quarter. American Century Companies Inc. now owns 779,879 shares of the company's stock valued at $57,773,000 after purchasing an additional 155,110 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Howard Hughes in the 1st quarter valued at $353,000. 93.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on HHH shares. Zacks Research lowered shares of Howard Hughes from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. increased their target price on shares of 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 shares of Howard Hughes from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Piper Sandler cut their target price on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Howard Hughes currently has an average rating of "Moderate Buy" and a consensus target price of $83.33.

Howard Hughes Stock Up 0.8%

Shares of Howard Hughes stock traded up $0.66 during trading hours on Wednesday, reaching $78.78. The company's stock had a trading volume of 263,595 shares, compared to its average volume of 324,043. Howard Hughes Holdings Inc. has a one year low of $61.40 and a one year high of $87.77. The company has a market capitalization of $4.68 billion, a P/E ratio of 17.24 and a beta of 1.21. The stock's fifty day simple moving average is $72.19 and its two-hundred day simple moving average is $70.82. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.18 and a current ratio of 1.18.

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.