Pinnacle Financial Partners Inc Has $1.64 Million Stake in Howard Hughes Holdings Inc. (NYSE:HHH)

Pinnacle Financial Partners Inc decreased its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 20.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 21,572 shares of the company's stock after selling 5,392 shares during the quarter. Pinnacle Financial Partners Inc's holdings in Howard Hughes were worth $1,636,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in HHH. Jones Financial Companies Lllp bought a new position in Howard Hughes during the fourth quarter valued at about $40,000. Huntington National Bank lifted its position in shares of Howard Hughes by 335.5% in the 4th quarter. Huntington National Bank now owns 932 shares of the company's stock worth $72,000 after acquiring an additional 718 shares during the period. US Bancorp DE grew its holdings in shares of Howard Hughes by 30.7% during the 4th quarter. US Bancorp DE now owns 1,783 shares of the company's stock worth $137,000 after purchasing an additional 419 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position 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 valued at $174,000 after purchasing an additional 1,260 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Howard Hughes by 759.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,725 shares of the company's stock valued at $210,000 after purchasing an additional 2,408 shares during the period. Institutional investors and hedge funds own 93.83% of the company's stock.

Howard Hughes Stock Up 0.6%

NYSE HHH opened at $69.39 on Friday. Howard Hughes Holdings Inc. has a 1-year low of $59.83 and a 1-year high of $87.77. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 13.32 and a beta of 1.21. The stock's 50 day moving average is $68.77 and its two-hundred day moving average is $72.10. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.84.

Howard Hughes (NYSE:HHH - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. Howard Hughes had a return on equity of 10.21% and a net margin of 14.27%. The business had revenue of $199.33 million for the quarter, compared to analyst estimates of $187.43 million. The business's quarterly revenue was up 27.3% on a year-over-year basis. Equities analysts forecast that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. BMO Capital Markets cut their target price on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a research note 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. downgraded shares of Howard Hughes from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock 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.

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