Donald Smith & CO. Inc. Has $116.31 Million Stock Holdings in Howard Hughes Holdings Inc. (NYSE:HHH)

Key Points

• Donald Smith & CO. Inc. reduced its stake in Howard Hughes Holdings Inc. (NYSE:HHH) by 5.5%, now holding approximately 2.8% of the company, worth around $116.3 million.
• Several institutional investors made adjustments to their positions in HHH, with SBI Securities Co. Ltd. increasing its holdings by an astonishing 14,500% in the first quarter.
• Analysts have lowered price targets for HHH, with Piper Sandler reducing its target from $105.00 to $85.00 and BMO Capital Markets from $85.00 to $80.00, indicating a shift in market sentiment.

Donald Smith & CO. Inc. decreased its holdings in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 5.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,570,008 shares of the company's stock after selling 91,272 shares during the period. Howard Hughes comprises approximately 2.8% of Donald Smith & CO. Inc.'s investment portfolio, making the stock its 14th biggest holding. Donald Smith & CO. Inc. owned approximately 3.12% of Howard Hughes worth $116,306,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI bought a new position in shares of Howard Hughes during the first quarter worth approximately $37,000. Larson Financial Group LLC increased its stake in shares of Howard Hughes by 2,290.9% during the first quarter. Larson Financial Group LLC now owns 526 shares of the company's stock worth $39,000 after purchasing an additional 504 shares during the period. SBI Securities Co. Ltd. increased its stake 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 purchasing an additional 870 shares during the period. Whittier Trust Co. bought a new position in shares of Howard Hughes during the first quarter worth approximately $161,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of 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 purchasing an additional 1,260 shares during the period. Institutional investors own 93.83% of the company's stock.

Analyst Upgrades and Downgrades

HHH has been the topic of a number of analyst reports. Piper Sandler reduced their price target 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. Wall Street Zen downgraded Howard Hughes from a "hold" rating to a "sell" rating in a research report on Saturday. BMO Capital Markets reduced their price target 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. downgraded Howard Hughes from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $82.00 to $76.00 in a research report on Monday, June 23rd.

Howard Hughes Price Performance

NYSE:HHH traded up $0.94 during trading hours on Tuesday, reaching $71.22. 18,952 shares of the company were exchanged, compared to its average volume of 472,350. The business has a 50 day moving average of $69.18 and a 200 day moving average of $70.79. The company has a market capitalization of $4.23 billion, a P/E ratio of 15.58 and a beta of 1.22. 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 1.84, a current ratio of 1.41 and a quick ratio of 1.41.

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.