Teza Capital Management LLC Buys New Holdings in Howard Hughes Holdings Inc. $HHH

Key Points

• Teza Capital Management LLC has invested approximately $381,000 in Howard Hughes Holdings Inc., acquiring over 5,139 shares of the company's stock during the first quarter.
• Over 93% of Howard Hughes' stock is currently owned by institutional investors and hedge funds, indicating strong institutional support.
• Howard Hughes stock has recently seen a price increase of 1.5%, with analysts giving it a Moderate Buy rating and an average target price of $83.33.

Teza Capital Management LLC purchased a new stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,139 shares of the company's stock, valued at approximately $381,000.

Several other large investors have also added to or reduced their stakes in HHH. Brighton Jones LLC bought a new position in shares of Howard Hughes in the 4th quarter worth $511,000. Stifel Financial Corp raised its holdings in shares of Howard Hughes by 4.2% in the 4th quarter. Stifel Financial Corp now owns 5,743 shares of the company's stock worth $442,000 after purchasing an additional 234 shares during the period. Northern Trust Corp lifted its position in shares of Howard Hughes by 32.5% during the 4th quarter. Northern Trust Corp now owns 234,021 shares of the company's stock valued at $18,001,000 after buying an additional 57,363 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Howard Hughes during the fourth quarter worth about $325,000. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Howard Hughes by 9.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,325 shares of the company's stock valued at $333,000 after purchasing an additional 366 shares during the period. Institutional investors and hedge funds own 93.83% of the company's stock.

Howard Hughes Price Performance

Shares of HHH traded up $0.66 during midday trading on Wednesday, hitting $78.78. 263,595 shares of the company traded hands, compared to its average volume of 324,043. Howard Hughes Holdings Inc. has a 52 week low of $61.40 and a 52 week high of $87.77. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a 50 day moving average of $72.19 and a 200-day moving average of $70.82. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 17.24 and a beta of 1.21.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wall Street Zen lowered Howard Hughes from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Piper Sandler reduced their price target on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Zacks Research lowered Howard Hughes from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. upped 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 given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently 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.