Zacks Research Upgrades Howard Hughes (NYSE:HHH) to Strong-Buy

Key Points

• Zacks Research has upgraded Howard Hughes (NYSE: HHH) from a "hold" rating to a "strong-buy" rating, indicating positive expectations for the stock.
• JPMorgan Chase & Co. has increased their price target for Howard Hughes from $76.00 to $85.00, reflecting a growing confidence in the company's performance.
• Institutional investors hold a significant 93.83% of Howard Hughes' stock, demonstrating strong institutional support for the company.

Howard Hughes (NYSE:HHH - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the company. Wall Street Zen cut Howard Hughes from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. 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. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $83.33.

Howard Hughes Stock Down 0.5%

Shares of Howard Hughes stock opened at $80.57 on Monday. Howard Hughes has a twelve month low of $61.40 and a twelve month high of $87.77. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.85. The company's 50 day moving average is $74.37 and its 200 day moving average is $71.14. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 17.63 and a beta of 1.21.

Institutional Trading of Howard Hughes

Several hedge funds have recently bought and sold shares of HHH. Egerton Capital UK LLP increased its position in Howard Hughes by 169.5% in the first quarter. Egerton Capital UK LLP now owns 1,196,288 shares of the company's stock worth $88,621,000 after buying an additional 752,325 shares in the last quarter. Norges Bank bought a new position in shares of Howard Hughes during the 2nd quarter valued at approximately $25,951,000. Northern Right Capital Management L.P. purchased a new stake in Howard Hughes in the 2nd quarter worth approximately $17,641,000. Millennium Management LLC raised its stake in Howard Hughes by 2,368.8% during the 1st quarter. Millennium Management LLC now owns 165,926 shares of the company's stock worth $12,292,000 after acquiring an additional 159,205 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Howard Hughes by 24.8% during the first quarter. American Century Companies Inc. now owns 779,879 shares of the company's stock valued at $57,773,000 after purchasing an additional 155,110 shares in the last quarter. Institutional investors own 93.83% of the company's stock.

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.

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