Howard Hughes Holdings Inc. $HHH Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Howard Hughes Holdings by 44.6%, selling 202,035 shares and leaving them with approximately 250,850 shares valued at about $18.58 million.
• Analysts have downgraded the stock, with Wall Street Zen moving its rating from "hold" to "sell" and Zacks cutting it from "strong-buy" to "hold," straining investor confidence.
• As of now, institutional investors own 93.83% of Howard Hughes, indicating significant institutional interest and investment in the company.

Jacobs Levy Equity Management Inc. trimmed its holdings in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 44.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 250,850 shares of the company's stock after selling 202,035 shares during the period. Jacobs Levy Equity Management Inc. owned 0.50% of Howard Hughes worth $18,583,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Egerton Capital UK LLP increased its holdings in shares of Howard Hughes by 169.5% in the first quarter. Egerton Capital UK LLP now owns 1,196,288 shares of the company's stock valued at $88,621,000 after purchasing an additional 752,325 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Howard Hughes in the fourth quarter valued at approximately $15,187,000. American Century Companies Inc. increased its holdings in shares of Howard Hughes by 24.8% in the first 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. Alpine Associates Management Inc. acquired a new stake in shares of Howard Hughes in the 1st quarter worth $8,226,000. Finally, Royal Bank of Canada increased its stake in shares of Howard Hughes by 1,900.6% in the 1st quarter. Royal Bank of Canada now owns 99,248 shares of the company's stock worth $7,353,000 after acquiring an additional 94,287 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

Howard Hughes Trading Up 0.5%

Shares of HHH traded up $0.38 during trading on Friday, reaching $82.03. 121,878 shares of the company traded hands, compared to its average volume of 456,683. Howard Hughes Holdings Inc. has a twelve month low of $61.40 and a twelve month high of $87.77. The stock has a market cap of $4.87 billion, a PE ratio of 17.94 and a beta of 1.21. The stock has a 50-day simple moving average of $72.43 and a 200-day simple moving average of $70.87. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.85.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen downgraded Howard Hughes from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Piper Sandler cut their price objective on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Zacks Research downgraded shares of Howard Hughes from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Howard Hughes from $76.00 to $85.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $83.33.

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.