Raymond James Financial Inc. Grows Stake in Howard Hughes Holdings Inc. $HHH

Raymond James Financial Inc. grew its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 625.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,822 shares of the company's stock after acquiring an additional 34,332 shares during the quarter. Raymond James Financial Inc. owned about 0.08% of Howard Hughes worth $2,950,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Howard Hughes by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,495,852 shares of the company's stock worth $184,894,000 after purchasing an additional 10,405 shares during the last quarter. Egerton Capital UK LLP lifted its holdings in Howard Hughes by 169.5% in the 1st quarter. Egerton Capital UK LLP now owns 1,196,288 shares of the company's stock worth $88,621,000 after purchasing an additional 752,325 shares in the last quarter. American Century Companies Inc. increased its stake in Howard Hughes by 24.8% in the 1st quarter. American Century Companies Inc. now owns 779,879 shares of the company's stock worth $57,773,000 after acquiring an additional 155,110 shares during the last quarter. Victory Capital Management Inc. increased its stake in Howard Hughes by 2.0% in the 1st quarter. Victory Capital Management Inc. now owns 300,963 shares of the company's stock worth $22,295,000 after acquiring an additional 5,872 shares during the last quarter. Finally, Impax Asset Management Group plc increased its stake in Howard Hughes by 2.1% in the 1st quarter. Impax Asset Management Group plc now owns 262,705 shares of the company's stock worth $19,461,000 after acquiring an additional 5,312 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Stock Performance

Shares of Howard Hughes stock traded down $0.02 on Friday, hitting $81.63. The stock had a trading volume of 412,060 shares, compared to its average volume of 322,544. Howard Hughes Holdings Inc. has a 52-week low of $61.40 and a 52-week high of $87.77. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.85. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 17.86 and a beta of 1.21. The company's 50 day moving average price is $72.67 and its 200 day moving average price is $70.91.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HHH. Wall Street Zen downgraded Howard Hughes from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. 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 research note on Friday, May 23rd. Zacks Research lowered Howard Hughes from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. raised their target price on Howard Hughes from $76.00 to $85.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.