Raymond James Financial Inc. Increases Position in Howard Hughes Holdings Inc. $HHH

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

Several other institutional investors have also bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Howard Hughes during the 4th quarter valued at $511,000. Handelsbanken Fonder AB lifted its holdings in shares of Howard Hughes by 37.6% during the 1st quarter. Handelsbanken Fonder AB now owns 19,758 shares of the company's stock worth $1,464,000 after acquiring an additional 5,400 shares during the last quarter. LDR Capital Management LLC lifted its holdings in shares of Howard Hughes by 25.2% during the 1st quarter. LDR Capital Management LLC now owns 31,321 shares of the company's stock worth $2,320,000 after acquiring an additional 6,306 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Howard Hughes by 24.8% during 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. Finally, Teacher Retirement System of Texas bought a new stake in shares of Howard Hughes during the 1st quarter worth $353,000. Hedge funds and other institutional investors own 93.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Piper Sandler lowered their price target on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Wall Street Zen downgraded shares of Howard Hughes from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Zacks Research downgraded shares of Howard Hughes from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Howard Hughes from $76.00 to $85.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $83.33.

Howard Hughes Stock Up 3.1%

HHH traded up $2.45 during midday trading on Thursday, reaching $81.23. The company's stock had a trading volume of 195,258 shares, compared to its average volume of 456,791. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 17.78 and a beta of 1.21. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.85. Howard Hughes Holdings Inc. has a 1 year low of $61.40 and a 1 year high of $87.77. The stock's 50-day moving average is $72.19 and its 200-day moving average is $70.82.

About Howard Hughes

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.