Trexquant Investment LP Buys 27,043 Shares of Howard Hughes Holdings Inc. $HHH

Key Points

• Trexquant Investment LP significantly increased its stake in Howard Hughes Holdings Inc. by 68.5%, acquiring an additional 27,043 shares, bringing its total holdings to 66,501 shares valued at approximately $4.93 million.
• Institutional investors collectively own 93.83% of Howard Hughes, with several firms adjusting their positions, including Proficio Capital Partners and Caitong International, which increased their stakes by 1.2% and 910.3%, respectively.
• Recent analyst ratings for Howard Hughes include a downgrade from BMO Capital Markets from $85.00 to $80.00, while JPMorgan Chase raised its price target from $76.00 to $85.00, indicating varying market sentiments towards the stock.

Trexquant Investment LP lifted its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 68.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,501 shares of the company's stock after purchasing an additional 27,043 shares during the quarter. Trexquant Investment LP owned about 0.13% of Howard Hughes worth $4,926,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC purchased a new position in shares of Howard Hughes in the fourth quarter worth $511,000. Raymond James Financial Inc. purchased a new position in shares of Howard Hughes in the fourth quarter worth $422,000. Stifel Financial Corp raised its stake in shares of Howard Hughes by 4.2% in the fourth 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 last quarter. Northern Trust Corp raised its stake in shares of Howard Hughes by 32.5% in the fourth quarter. Northern Trust Corp now owns 234,021 shares of the company's stock worth $18,001,000 after purchasing an additional 57,363 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Howard Hughes by 693.3% in the fourth quarter. AQR Capital Management LLC now owns 107,340 shares of the company's stock worth $8,236,000 after purchasing an additional 93,810 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Price Performance

Shares of NYSE HHH traded up $1.65 during mid-day trading on Wednesday, reaching $76.45. The company's stock had a trading volume of 370,860 shares, compared to its average volume of 344,126. The firm has a market capitalization of $4.54 billion, a PE ratio of 16.73 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 has a fifty day moving average of $71.13 and a two-hundred day moving average of $70.71. Howard Hughes Holdings Inc. has a 52 week low of $61.40 and a 52 week high of $87.77.

Analysts Set New Price Targets

A number of research firms recently commented on HHH. Piper Sandler reduced their price objective 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. Wall Street Zen cut Howard Hughes from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Zacks Research cut Howard Hughes from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. upped their price objective on Howard Hughes from $76.00 to $85.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. Finally, BMO Capital Markets reduced their price objective on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Howard Hughes presently has an average rating of "Moderate Buy" and a consensus target price 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.