Jump Financial LLC Grows Stock Holdings in Howard Hughes Holdings Inc. $HHH

Key Points

• Jump Financial LLC increased its holdings in Howard Hughes Holdings Inc. by 52.4% during the first quarter, owning a total of 15,954 shares valued at approximately $1.18 million.
• 93.83% of Howard Hughes's stock is owned by institutional investors and hedge funds, indicating strong institutional interest in the company.
• Analysts have varying ratings for Howard Hughes, with Zacks downgrading it from "strong-buy" to "hold," while JPMorgan raised its target price from $76.00 to $85.00.

Jump Financial LLC increased its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 52.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,954 shares of the company's stock after purchasing an additional 5,487 shares during the period. Jump Financial LLC's holdings in Howard Hughes were worth $1,182,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HHH. Brighton Jones LLC purchased a new position in Howard Hughes during the fourth quarter worth about $511,000. Raymond James Financial Inc. purchased a new position in Howard Hughes in the fourth quarter valued at about $422,000. Stifel Financial Corp increased its holdings in Howard Hughes by 4.2% in the fourth quarter. Stifel Financial Corp now owns 5,743 shares of the company's stock valued at $442,000 after buying an additional 234 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Howard Hughes in the fourth quarter valued at about $1,532,000. Finally, Northern Trust Corp increased its holdings in Howard Hughes by 32.5% in the fourth quarter. Northern Trust Corp now owns 234,021 shares of the company's stock valued at $18,001,000 after buying an additional 57,363 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Howard Hughes Price Performance

Shares of HHH traded up $1.10 during mid-day trading on Wednesday, reaching $75.90. 198,451 shares of the company's stock were exchanged, compared to its average volume of 460,185. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.85. The company has a 50-day simple moving average of $70.92 and a two-hundred day simple moving average of $70.67. Howard Hughes Holdings Inc. has a 52-week low of $61.40 and a 52-week high of $87.77. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 16.58 and a beta of 1.21.

Analyst Ratings Changes

A number of research analysts have issued reports on HHH shares. Zacks Research cut shares of Howard Hughes from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. BMO Capital Markets dropped their target price on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. JPMorgan Chase & Co. increased their target price on shares of Howard Hughes from $76.00 to $85.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Wall Street Zen cut shares of Howard Hughes from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Piper Sandler dropped their target price on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $83.33.

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.