Howard Hughes Holdings Inc. (NYSE:HHH) Position Raised by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 300,963 shares of the company's stock after purchasing an additional 5,872 shares during the quarter. Victory Capital Management Inc. owned about 0.60% of Howard Hughes worth $22,295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Larson Financial Group LLC grew its stake in Howard Hughes by 2,290.9% during the 1st quarter. Larson Financial Group LLC now owns 526 shares of the company's stock valued at $39,000 after acquiring an additional 504 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Howard Hughes by 14,500.0% during the first quarter. SBI Securities Co. Ltd. now owns 876 shares of the company's stock worth $65,000 after buying an additional 870 shares during the last quarter. Huntington National Bank raised its stake in shares of Howard Hughes by 335.5% in the fourth quarter. Huntington National Bank now owns 932 shares of the company's stock valued at $72,000 after purchasing an additional 718 shares in the last quarter. Whittier Trust Co. acquired a new position in Howard Hughes during the first quarter worth $161,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Howard Hughes by 116.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,340 shares of the company's stock worth $174,000 after acquiring an additional 1,260 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Stock Up 0.2%

Shares of NYSE:HHH opened at $68.93 on Tuesday. Howard Hughes Holdings Inc. has a 1 year low of $59.83 and a 1 year high of $87.77. The stock's 50-day moving average is $69.01 and its 200 day moving average is $71.48. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $3.47 billion, a PE ratio of 13.23 and a beta of 1.21.

Howard Hughes (NYSE:HHH - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. Howard Hughes had a net margin of 14.27% and a return on equity of 10.21%. The company had revenue of $199.33 million during the quarter, compared to the consensus estimate of $187.43 million. The business's revenue for the quarter was up 27.3% compared to the same quarter last year. Sell-side analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HHH. Piper Sandler lowered their price target on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. BMO Capital Markets dropped their target price on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lowered Howard Hughes from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $82.00 to $76.00 in a research report on Monday, June 23rd.

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.

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