Teacher Retirement System of Texas Takes Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Teacher Retirement System of Texas purchased a new stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,765 shares of the company's stock, valued at approximately $353,000.

Other large investors also recently bought and sold shares of the company. Huntington National Bank lifted its holdings 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 purchasing an additional 718 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Howard Hughes by 116.7% during the 1st 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. PNC Financial Services Group Inc. increased its position in shares of Howard Hughes by 759.6% during the 4th 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. Quantinno Capital Management LP acquired a new position in shares of Howard Hughes during the 4th quarter valued at $217,000. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Howard Hughes by 12.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,001 shares of the company's stock worth $231,000 after acquiring an additional 329 shares during the last quarter. Institutional investors own 93.83% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Piper Sandler decreased their target price on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. BMO Capital Markets lowered their price target on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lowered Howard Hughes from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $82.00 to $76.00 in a research note on Monday, June 23rd.

Howard Hughes Stock Down 0.4%

Shares of NYSE HHH traded down $0.29 during mid-day trading on Friday, hitting $68.68. The company had a trading volume of 390,872 shares, compared to its average volume of 380,133. The company has a market capitalization of $3.46 billion, a PE ratio of 11.79 and a beta of 1.21. The firm has a 50-day simple moving average of $69.01 and a two-hundred day simple moving average of $71.51. 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 Holdings Inc. has a one year low of $59.83 and a one year high of $87.77.

Howard Hughes (NYSE:HHH - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. The firm had revenue of $199.33 million during the quarter, compared to the consensus estimate of $187.43 million. Howard Hughes had a net margin of 14.27% and a return on equity of 10.21%. Howard Hughes's revenue for the quarter was up 27.3% compared to the same quarter last year. On average, equities analysts expect that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

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.