Motley Fool Wealth Management LLC Trims Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Key Points

• Motley Fool Wealth Management LLC has reduced its stake in Howard Hughes Holdings Inc. by 4.6%, now owning approximately 0.34% of the company, worth about $12.78 million.
• Several hedge funds, including National Bank of Canada FI and SBI Securities Co. Ltd., have made significant changes to their positions in Howard Hughes during the first quarter, reflecting active interest among institutional investors.
• Stock analysts have downgraded Howard Hughes Holdings, with a range of price targets now set between $76.00 and $85.00, indicating a bearish outlook.

Motley Fool Wealth Management LLC trimmed its holdings in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 4.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,570 shares of the company's stock after selling 8,246 shares during the quarter. Motley Fool Wealth Management LLC owned approximately 0.34% of Howard Hughes worth $12,784,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HHH. National Bank of Canada FI bought a new position in Howard Hughes during the first quarter valued at $37,000. Larson Financial Group LLC increased its stake in Howard Hughes by 2,290.9% in the 1st quarter. Larson Financial Group LLC now owns 526 shares of the company's stock worth $39,000 after buying an additional 504 shares during the period. SBI Securities Co. Ltd. increased its stake in Howard Hughes by 14,500.0% in the 1st 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 period. Whittier Trust Co. purchased a new position in Howard Hughes in the 1st quarter worth about $161,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Howard Hughes by 116.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,340 shares of the company's stock worth $174,000 after buying an additional 1,260 shares during the period. Institutional investors own 93.83% of the company's stock.

Howard Hughes Stock Performance

HHH stock traded down $0.02 during trading on Friday, reaching $73.47. The company had a trading volume of 137,868 shares, compared to its average volume of 471,229. The firm has a 50-day simple moving average of $69.53 and a 200-day simple moving average of $70.81. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 16.10 and a beta of 1.22. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.41 and a current ratio of 1.18. Howard Hughes Holdings Inc. has a twelve month low of $61.40 and a twelve month high of $87.77.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HHH. Wall Street Zen downgraded shares of Howard Hughes from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. BMO Capital Markets lowered their price target on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Piper Sandler lowered their price target on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. cut shares of Howard Hughes from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $82.00 to $76.00 in a report on Monday, June 23rd.

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.