Vanguard Group Inc. Cuts Stock Position in Howard Hughes Holdings Inc. $HHH

Key Points

• Vanguard Group Inc. has reduced its stake in Howard Hughes Holdings Inc. by 1.4%, now owning 4,376,937 shares valued at approximately $324.2 million.
• Several large investors, including Dimensional Fund Advisors and Egerton Capital UK LLP, have increased their positions in Howard Hughes, with Egerton's stake growing by 169.5% in the most recent quarter.
• Analysts have recently downgraded Howard Hughes, with firms like Wall Street Zen and JPMorgan Chase lowering their ratings and price targets significantly.

Vanguard Group Inc. cut its holdings in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,376,937 shares of the company's stock after selling 60,687 shares during the quarter. Vanguard Group Inc. owned 8.69% of Howard Hughes worth $324,243,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its stake in Howard Hughes by 2,290.9% in the first quarter. Larson Financial Group LLC now owns 526 shares of the company's stock valued at $39,000 after buying an additional 504 shares during the period. SBI Securities Co. Ltd. lifted its stake in Howard Hughes by 14,500.0% in the first quarter. SBI Securities Co. Ltd. now owns 876 shares of the company's stock valued at $65,000 after buying an additional 870 shares during the period. Whittier Trust Co. bought a new stake in shares of Howard Hughes during the first quarter valued at approximately $161,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Howard Hughes by 116.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,340 shares of the company's stock valued at $174,000 after acquiring an additional 1,260 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of Howard Hughes during the first quarter valued at approximately $202,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HHH has been the subject of several recent research reports. JPMorgan Chase & Co. downgraded Howard Hughes from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $82.00 to $76.00 in a report on Monday, June 23rd. BMO Capital Markets decreased their price objective on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Wall Street Zen downgraded Howard Hughes from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Piper Sandler decreased their price objective on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Howard Hughes currently has an average rating of "Moderate Buy" and a consensus price target of $80.33.

Howard Hughes Stock Down 1.4%

Howard Hughes stock traded down $1.02 during trading on Thursday, hitting $72.60. 236,432 shares of the company were exchanged, compared to its average volume of 395,524. The business's 50 day moving average is $69.89 and its 200 day moving average is $70.73. Howard Hughes Holdings Inc. has a 52 week low of $61.40 and a 52 week high of $87.77. The company has a market capitalization of $4.31 billion, a P/E ratio of 15.89 and a beta of 1.22. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.85.

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.