Howard Hughes Holdings Inc. $HHH Stake Boosted by Institute for Wealth Management LLC.

Key Points

• The Institute for Wealth Management LLC increased its stake in Howard Hughes Holdings Inc. by 155.4%, owning a total of 10,122 shares worth approximately $683,000 at the end of the second quarter.
• Several large investors, including Dimensional Fund Advisors and Egerton Capital, have also raised their stakes in Howard Hughes, indicating strong institutional interest, with 93.83% of the stock owned by institutional investors.
• Analysts have mixed ratings on Howard Hughes, with one report suggesting an upgrade to a "strong-buy" while another downgraded it to a "sell"; the current consensus rating is "Buy" with an average price target of $83.33.

Institute for Wealth Management LLC. increased its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 155.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,122 shares of the company's stock after purchasing an additional 6,159 shares during the quarter. Institute for Wealth Management LLC.'s holdings in Howard Hughes were worth $683,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Howard Hughes by 0.4% during the first 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 last quarter. Egerton Capital UK LLP lifted its stake in Howard Hughes by 169.5% during the first quarter. Egerton Capital UK LLP now owns 1,196,288 shares of the company's stock worth $88,621,000 after purchasing an additional 752,325 shares during the last quarter. American Century Companies Inc. lifted its stake in Howard Hughes by 24.8% during the first quarter. American Century Companies Inc. now owns 779,879 shares of the company's stock worth $57,773,000 after purchasing an additional 155,110 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Howard Hughes by 2.0% during the first quarter. Victory Capital Management Inc. now owns 300,963 shares of the company's stock worth $22,295,000 after purchasing an additional 5,872 shares during the last quarter. Finally, First Manhattan CO. LLC. lifted its stake in Howard Hughes by 8.4% during the first quarter. First Manhattan CO. LLC. now owns 267,978 shares of the company's stock worth $19,852,000 after purchasing an additional 20,684 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HHH. Wall Street Zen cut Howard Hughes from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. increased their target price on Howard Hughes from $76.00 to $85.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. Finally, Zacks Research raised Howard Hughes from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Howard Hughes presently has a consensus rating of "Buy" and an average price target of $83.33.

Howard Hughes Price Performance

Shares of NYSE HHH opened at $85.31 on Thursday. 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 business's fifty day moving average price is $75.81 and its two-hundred day moving average price is $71.50. The firm has a market capitalization of $5.07 billion, a PE ratio of 18.67 and a beta of 1.23.

Howard Hughes Company 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.

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