UniSuper Management Pty Ltd Buys New Position in Howard Hughes Holdings Inc. $HHH

Key Points

• UniSuper Management Pty Ltd acquired 5,901 shares of Howard Hughes Holdings Inc., valued at approximately $437,000, during the first quarter.
• The institutional ownership of Howard Hughes has risen significantly, with 93.83% of shares owned by hedge funds and other institutional investors.
• Howard Hughes stock experienced a 3.5% increase, closing at $81.51, amid various analyst ratings, including JPMorgan's target price raised to $85.00.

UniSuper Management Pty Ltd purchased a new stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,901 shares of the company's stock, valued at approximately $437,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Howard Hughes by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,495,852 shares of the company's stock valued at $184,894,000 after purchasing an additional 10,405 shares during the last quarter. Egerton Capital UK LLP increased its stake in shares of Howard Hughes by 169.5% during the 1st quarter. Egerton Capital UK LLP now owns 1,196,288 shares of the company's stock worth $88,621,000 after purchasing an additional 752,325 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Howard Hughes by 24.8% during the 1st quarter. American Century Companies Inc. now owns 779,879 shares of the company's stock worth $57,773,000 after purchasing an additional 155,110 shares during the last quarter. Victory Capital Management Inc. increased its position in Howard Hughes by 2.0% in the first quarter. Victory Capital Management Inc. now owns 300,963 shares of the company's stock worth $22,295,000 after buying an additional 5,872 shares during the last quarter. Finally, First Manhattan CO. LLC. increased its position in Howard Hughes by 8.4% in the first quarter. First Manhattan CO. LLC. now owns 267,978 shares of the company's stock worth $19,852,000 after buying an additional 20,684 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Howard Hughes Trading Up 2.0%

Shares of NYSE HHH traded up $1.65 during midday trading on Wednesday, reaching $83.50. The company had a trading volume of 42,048 shares, compared to its average volume of 454,231. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.85. Howard Hughes Holdings Inc. has a one year low of $61.40 and a one year high of $87.77. The firm's fifty day moving average price is $73.19 and its 200-day moving average price is $70.94. The stock has a market cap of $4.96 billion, a PE ratio of 18.23 and a beta of 1.21.

Analyst Ratings Changes

A number of research analysts recently weighed in on HHH shares. Zacks Research lowered shares of Howard Hughes from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. raised their target price on Howard Hughes from $76.00 to $85.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Wall Street Zen downgraded Howard Hughes from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Piper Sandler cut their price objective 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. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, 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.