Russell Investments Group Ltd. Has $22.06 Million Stake in Howard Hughes Holdings Inc. $HHH

Key Points

• Russell Investments Group Ltd. reduced its holdings in Howard Hughes Holdings Inc. by 13.0%, selling 44,358 shares and now owning approximately 297,797 shares worth $22.1 million.
• Several institutional investors have increased their stakes in Howard Hughes, with 93.83% of the stock now owned by institutional investors.
• Analysts have varied in their ratings, with Piper Sandler lowering its price target from $105 to $85 and BMO Capital Markets reducing its price objective from $85 to $80.

Russell Investments Group Ltd. lowered its holdings in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 13.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 297,797 shares of the company's stock after selling 44,358 shares during the quarter. Russell Investments Group Ltd. owned 0.59% of Howard Hughes worth $22,061,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. National Bank of Canada FI bought a new stake in Howard Hughes in the first quarter valued at about $37,000. Larson Financial Group LLC increased its stake in Howard Hughes by 2,290.9% in the first quarter. Larson Financial Group LLC now owns 526 shares of the company's stock valued at $39,000 after acquiring an additional 504 shares during the period. SBI Securities Co. Ltd. increased its stake in Howard Hughes by 14,500.0% in the first quarter. SBI Securities Co. Ltd. now owns 876 shares of the company's stock valued at $65,000 after acquiring an additional 870 shares during the period. Whittier Trust Co. bought a new stake in Howard Hughes in the first quarter valued at about $161,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in 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 worth $174,000 after buying an additional 1,260 shares during the last quarter. Institutional investors own 93.83% of the company's stock.

Howard Hughes Trading Down 0.6%

HHH traded down $0.4460 during mid-day trading on Wednesday, hitting $73.9340. The stock had a trading volume of 134,895 shares, compared to its average volume of 468,393. The stock's fifty day simple moving average is $69.78 and its 200-day simple moving average is $70.72. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 16.17 and a beta of 1.22. Howard Hughes Holdings Inc. has a 1-year low of $61.40 and a 1-year high of $87.77.

Analysts Set New Price Targets

Several analysts have recently commented on HHH shares. Piper Sandler decreased their price target on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. BMO Capital Markets decreased their price target on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. JPMorgan Chase & Co. cut shares of Howard Hughes from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $82.00 to $76.00 in a research note on Monday, June 23rd. Finally, Wall Street Zen cut shares of Howard Hughes from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $80.33.

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.