Howard Hughes Holdings Inc. (NYSE:HHH) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 12.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,231 shares of the company's stock after acquiring an additional 12,108 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.22% of Howard Hughes worth $8,402,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in Howard Hughes in the fourth quarter valued at approximately $511,000. KBC Group NV grew its holdings in Howard Hughes by 40.1% in the fourth quarter. KBC Group NV now owns 1,572 shares of the company's stock valued at $121,000 after purchasing an additional 450 shares during the period. Capital Fund Management S.A. acquired a new stake in Howard Hughes in the fourth quarter valued at approximately $1,625,000. Institute for Wealth Management LLC. acquired a new stake in Howard Hughes in the fourth quarter valued at approximately $305,000. Finally, Cerity Partners LLC grew its holdings in Howard Hughes by 33.5% in the fourth quarter. Cerity Partners LLC now owns 12,271 shares of the company's stock valued at $946,000 after purchasing an additional 3,082 shares during the period. 93.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on HHH. JPMorgan Chase & Co. decreased their target price on Howard Hughes from $84.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th. BMO Capital Markets decreased 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, Piper Sandler decreased their target price on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd.

Howard Hughes Stock Performance

HHH traded down $0.49 on Wednesday, hitting $67.59. 370,433 shares of the company traded hands, compared to its average volume of 353,272. The company has a 50 day moving average of $68.13 and a 200-day moving average of $74.31. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $3.41 billion, a PE ratio of 44.76 and a beta of 1.21. Howard Hughes Holdings Inc. has a 12-month low of $59.83 and a 12-month high of $87.77.

Howard Hughes (NYSE:HHH - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. The business had revenue of $199.33 million for the quarter, compared to analysts' expectations of $187.43 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The company's quarterly revenue was up 27.3% on a year-over-year basis. Sell-side analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.

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.