Strs Ohio Makes New Investment in Howard Hughes Holdings Inc. $HHH

Key Points

• Strs Ohio acquired 28,783 shares of Howard Hughes Holdings Inc. (NYSE: HHH) in the 1st quarter, worth approximately $2.1 million, bringing its ownership to about 0.06%.
• Institutional investors collectively own 93.83% of Howard Hughes, with several firms, including Raymond James Financial, significantly increasing their stakes.
• Analysts have mixed ratings on Howard Hughes, with a recent average target price of $83.33, reflecting various downgrades and price adjustments amidst changing market perceptions.

Strs Ohio bought a new position in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 28,783 shares of the company's stock, valued at approximately $2,132,000. Strs Ohio owned approximately 0.06% of Howard Hughes at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its stake in Howard Hughes by 910.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 394 shares of the company's stock worth $29,000 after acquiring an additional 355 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Howard Hughes in the 1st quarter worth approximately $37,000. Larson Financial Group LLC lifted its position in shares of Howard Hughes by 2,290.9% in the 1st quarter. Larson Financial Group LLC now owns 526 shares of the company's stock worth $39,000 after purchasing an additional 504 shares during the period. SBI Securities Co. Ltd. lifted its position in shares of Howard Hughes by 14,500.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 876 shares of the company's stock worth $65,000 after purchasing an additional 870 shares during the period. Finally, Whittier Trust Co. purchased a new stake in shares of Howard Hughes in the 1st quarter worth approximately $161,000. 93.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Howard Hughes Stock Performance

HHH stock traded down $0.76 during midday trading on Friday, hitting $82.91. 569,291 shares of the stock traded hands, compared to its average volume of 329,881. The firm has a market cap of $4.92 billion, a P/E ratio of 18.14 and a beta of 1.21. 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 stock's fifty day simple moving average is $73.93 and its 200-day simple moving average is $71.10. Howard Hughes Holdings Inc. has a 1-year low of $61.40 and a 1-year high of $87.77.

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.