5,813 Shares in Howard Hughes Holdings Inc. $HHH Purchased by Virtu Financial LLC

Key Points

• Virtu Financial LLC purchased 5,813 shares of Howard Hughes Holdings Inc. for approximately $431,000 in the 1st quarter, as disclosed in their recent 13F filing with the SEC.
• Institutional investors own 93.83% of Howard Hughes, with several firms like Jefferies Financial Group and GSA Capital Partners significantly increasing their stakes during the same quarter.
• Analyst ratings for Howard Hughes have varied, with JPMorgan cutting its rating from "overweight" to "neutral" and reducing the target price from $82 to $76, while other analysts have also adjusted their ratings downward.

Virtu Financial LLC acquired a new stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,813 shares of the company's stock, valued at approximately $431,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in Howard Hughes in the fourth quarter valued at approximately $511,000. Handelsbanken Fonder AB raised its holdings in Howard Hughes by 37.6% in the first quarter. Handelsbanken Fonder AB now owns 19,758 shares of the company's stock worth $1,464,000 after purchasing an additional 5,400 shares during the period. LDR Capital Management LLC raised its holdings in Howard Hughes by 25.2% in the first quarter. LDR Capital Management LLC now owns 31,321 shares of the company's stock worth $2,320,000 after purchasing an additional 6,306 shares during the period. Teacher Retirement System of Texas acquired a new stake in Howard Hughes in the first quarter worth $353,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Howard Hughes in the fourth quarter worth $497,000. 93.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Howard Hughes Stock Up 0.5%

HHH stock traded up $0.38 during midday trading on Tuesday, hitting $73.67. The company's stock had a trading volume of 114,816 shares, compared to its average volume of 468,902. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.18 and a quick ratio of 1.18. Howard Hughes Holdings Inc. has a twelve month low of $61.40 and a twelve month high of $87.77. The company's fifty day moving average price is $69.71 and its 200 day moving average price is $70.70. The stock has a market capitalization of $4.38 billion, a P/E ratio of 16.13 and a beta of 1.22.

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.