Strs Ohio Sells 3,385 Shares of Howard Hughes Holdings Inc. $HHH

Strs Ohio decreased its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 11.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 25,398 shares of the company’s stock after selling 3,385 shares during the quarter. Strs Ohio’s holdings in Howard Hughes were worth $1,714,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in Howard Hughes by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,495,852 shares of the company’s stock worth $184,894,000 after buying an additional 10,405 shares during the last quarter. Egerton Capital UK LLP lifted its position in Howard Hughes by 169.5% in the 1st 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 during the last quarter. American Century Companies Inc. lifted its position in Howard Hughes by 24.8% in the 1st quarter. American Century Companies Inc. now owns 779,879 shares of the company’s stock worth $57,773,000 after buying an additional 155,110 shares during the last quarter. Victory Capital Management Inc. lifted its position in Howard Hughes by 2.0% in the 1st quarter. Victory Capital Management Inc. now owns 300,963 shares of the company’s stock worth $22,295,000 after buying an additional 5,872 shares during the last quarter. Finally, First Manhattan CO. LLC. lifted its position in Howard Hughes by 8.4% in the 1st quarter. First Manhattan CO. LLC. now owns 267,978 shares of the company’s stock worth $19,852,000 after buying an additional 20,684 shares during the last quarter. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Price Performance

HHH opened at $78.09 on Wednesday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.18 and a current ratio of 1.18. Howard Hughes Holdings Inc. has a 52-week low of $61.40 and a 52-week high of $87.77. The stock has a market capitalization of $4.64 billion, a PE ratio of 17.09 and a beta of 1.23. The stock’s 50 day moving average price is $80.27 and its 200-day moving average price is $73.31.

Insider Activity

In other news, Director Anthony Williams sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $79.58, for a total transaction of $87,538.00. Following the transaction, the director directly owned 8,102 shares of the company’s stock, valued at approximately $644,757.16. The trade was a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 48.00% of the company’s stock.

Analyst Ratings Changes

HHH has been the subject of a number of recent research reports. Wall Street Zen downgraded Howard Hughes from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Zacks Research downgraded Howard Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. boosted 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. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Howard Hughes in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Howard Hughes presently has an average rating of “Hold” and a consensus price target of $83.33.

Howard Hughes 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.