Atria Wealth Solutions Inc. Makes New $7.65 Million Investment in The Howard Hughes Co. (NYSE:HHC)

Atria Wealth Solutions Inc. bought a new position in shares of The Howard Hughes Co. (NYSE:HHCGet Rating) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 73,866 shares of the financial services provider’s stock, valued at approximately $7,653,000. Atria Wealth Solutions Inc. owned 0.14% of Howard Hughes at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Ellevest Inc. lifted its holdings in shares of Howard Hughes by 153.8% during the first quarter. Ellevest Inc. now owns 335 shares of the financial services provider’s stock worth $35,000 after buying an additional 203 shares in the last quarter. GHP Investment Advisors Inc. bought a new position in Howard Hughes during the first quarter worth about $43,000. Steward Partners Investment Advisory LLC raised its stake in Howard Hughes by 61.0% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 483 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 183 shares in the last quarter. Tyler Stone Wealth Management bought a new stake in Howard Hughes in the 4th quarter valued at about $51,000. Finally, Vestor Capital LLC acquired a new position in shares of Howard Hughes during the 1st quarter worth approximately $61,000. 95.29% of the stock is owned by institutional investors and hedge funds.

Howard Hughes Stock Up 1.5 %

HHC stock opened at $68.31 on Monday. The Howard Hughes Co. has a fifty-two week low of $60.04 and a fifty-two week high of $105.51. The stock has a fifty day moving average of $68.69 and a 200-day moving average of $81.78. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 26.07 and a beta of 1.39. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.46 and a current ratio of 1.46.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HHC shares. Piper Sandler cut their price target on Howard Hughes to $100.00 in a research note on Monday, July 4th. TheStreet cut Howard Hughes from a “c” rating to a “d+” rating in a research report on Friday, July 1st. StockNews.com raised Howard Hughes from a “sell” rating to a “hold” rating in a research note on Thursday, August 4th. BMO Capital Markets began coverage on Howard Hughes in a report on Tuesday, July 26th. They set an “outperform” rating and a $90.00 price target for the company. Finally, Jefferies Financial Group decreased their price objective on shares of Howard Hughes from $127.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, June 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $101.25.

Howard Hughes Profile

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The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through four segments: Operating Assets; Master Planned Communities (MPCs); Seaport District; and Strategic Developments. As of December 31, 2020, the Operating Assets segment owned 15 retail, 33 office, 12 multi-family, 3 hospitality, and 13 other operating assets and investments primarily located in The Woodlands, Texas; Chicago, Illinois; Columbia, Maryland; Las Vegas, Nevada; and Honolulu, Hawaii.

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Institutional Ownership by Quarter for Howard Hughes (NYSE:HHC)

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