Howard Hughes Holdings Inc. (NYSE:HHH) Shares Sold by Motley Fool Wealth Management LLC

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 cut its stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 4.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,570 shares of the company's stock after selling 8,246 shares during the period. Motley Fool Wealth Management LLC owned 0.34% of Howard Hughes worth $12,784,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of HHH. Proficio Capital Partners LLC increased its holdings in shares of Howard Hughes by 1.2% in the first quarter. Proficio Capital Partners LLC now owns 14,744 shares of the company's stock valued at $1,089,000 after purchasing an additional 170 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Howard Hughes by 1.6% in the fourth quarter. Wells Fargo & Company MN now owns 10,707 shares of the company's stock valued at $824,000 after purchasing an additional 173 shares during the period. Stifel Financial Corp increased its holdings in shares of 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 purchasing an additional 234 shares during the period. Boyar Asset Management Inc. increased its holdings in shares of Howard Hughes by 2.8% in the fourth quarter. Boyar Asset Management Inc. now owns 10,769 shares of the company's stock valued at $828,000 after purchasing an additional 296 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Howard Hughes by 12.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,001 shares of the company's stock valued at $231,000 after purchasing an additional 329 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HHH. JPMorgan Chase & Co. lowered Howard Hughes from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $82.00 to $76.00 in a report on Monday, June 23rd. Wall Street Zen cut Howard Hughes from a "hold" rating to a "sell" rating in a report on Saturday. Piper Sandler decreased their price objective on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Finally, BMO Capital Markets decreased their price objective on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th.

Howard Hughes Stock Performance

Shares of HHH stock traded up $2.04 on Tuesday, hitting $72.32. The company had a trading volume of 318,905 shares, compared to its average volume of 396,947. The firm has a market cap of $4.30 billion, a P/E ratio of 15.82 and a beta of 1.22. The company has a 50-day moving average price of $69.26 and a 200-day moving average price of $70.81. The company has a quick ratio of 1.41, a current ratio of 1.18 and a debt-to-equity ratio of 1.85. Howard Hughes Holdings Inc. has a twelve month low of $61.40 and a twelve month high of $87.77.

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.