Howard Hughes Holdings Inc. (NYSE:HHH) Shares Acquired by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. lifted its stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 48.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 828,317 shares of the company's stock after buying an additional 269,402 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 1.65% of Howard Hughes worth $63,715,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HHH. Dimensional Fund Advisors LP grew its position in Howard Hughes by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,485,447 shares of the company's stock worth $191,180,000 after purchasing an additional 24,360 shares during the last quarter. Donald Smith & CO. Inc. grew its position in Howard Hughes by 0.6% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,661,280 shares of the company's stock worth $127,786,000 after purchasing an additional 9,093 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Howard Hughes by 50.3% in the fourth quarter. American Century Companies Inc. now owns 624,769 shares of the company's stock valued at $48,057,000 after acquiring an additional 209,217 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Howard Hughes by 225.6% in the third quarter. JPMorgan Chase & Co. now owns 487,092 shares of the company's stock valued at $37,716,000 after acquiring an additional 337,514 shares in the last quarter. Finally, Egerton Capital UK LLP purchased a new stake in shares of Howard Hughes in the fourth quarter valued at about $34,150,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their target price on shares of Howard Hughes from $84.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday.

Howard Hughes Price Performance

Shares of HHH stock traded up $0.34 during midday trading on Thursday, reaching $66.87. 38,493 shares of the company traded hands, compared to its average volume of 311,655. The firm has a market cap of $3.37 billion, a PE ratio of 44.28 and a beta of 1.14. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. The firm's 50 day simple moving average is $71.34 and its two-hundred day simple moving average is $76.03. Howard Hughes Holdings Inc. has a 1-year low of $59.83 and a 1-year high of $87.77.

Howard Hughes (NYSE:HHH - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $3.25 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.40. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The firm had revenue of $983.59 million during the quarter, compared to the consensus estimate of $949.18 million. On average, equities research analysts expect that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal year.

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.