First Manhattan CO. LLC. Purchases 20,684 Shares of Howard Hughes Holdings Inc. $HHH

First Manhattan CO. LLC. lifted its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 8.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 267,978 shares of the company’s stock after purchasing an additional 20,684 shares during the period. First Manhattan CO. LLC. owned 0.53% of Howard Hughes worth $19,852,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in Howard Hughes by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,495,852 shares of the company’s stock worth $184,894,000 after acquiring an additional 10,405 shares during the period. Egerton Capital UK LLP raised 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 acquiring an additional 752,325 shares during the period. American Century Companies Inc. raised its position in Howard Hughes by 24.8% in the first quarter. American Century Companies Inc. now owns 779,879 shares of the company’s stock worth $57,773,000 after acquiring an additional 155,110 shares during the period. Victory Capital Management Inc. raised 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 acquiring an additional 5,872 shares during the period. Finally, Balyasny Asset Management L.P. raised its position in Howard Hughes by 92.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 266,590 shares of the company’s stock worth $20,506,000 after acquiring an additional 128,231 shares during the period. 93.83% of the stock is owned by institutional investors.

Howard Hughes Stock Performance

Howard Hughes stock opened at $76.21 on Monday. The firm’s 50 day simple moving average is $70.61 and its 200 day simple moving average is $70.64. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $4.53 billion, a PE ratio of 16.68 and a beta of 1.21. Howard Hughes Holdings Inc. has a 1-year low of $61.40 and a 1-year high of $87.77.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Zacks Research lowered shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 22nd. Piper Sandler dropped their price target on shares of Howard Hughes from $105.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, May 23rd. Wall Street Zen cut shares of Howard Hughes from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. BMO Capital Markets dropped their price target on shares of Howard Hughes from $85.00 to $80.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Howard Hughes from $76.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.33.

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.