Charles Schwab Investment Management Inc. Trims Position in Howard Hughes Holdings Inc. $HHH

Charles Schwab Investment Management Inc. lessened its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 9.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 253,207 shares of the company’s stock after selling 27,604 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.50% of Howard Hughes worth $18,758,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in Howard Hughes during the 4th quarter valued at $511,000. Handelsbanken Fonder AB increased its position in shares of Howard Hughes by 37.6% during the first quarter. Handelsbanken Fonder AB now owns 19,758 shares of the company’s stock valued at $1,464,000 after buying an additional 5,400 shares during the period. LDR Capital Management LLC raised its stake in Howard Hughes by 25.2% in the first quarter. LDR Capital Management LLC now owns 31,321 shares of the company’s stock worth $2,320,000 after buying an additional 6,306 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Howard Hughes in the first quarter worth about $353,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Howard Hughes during the 4th quarter valued at approximately $497,000. Institutional investors own 93.83% of the company’s stock.

Wall Street Analysts Forecast Growth

HHH has been the subject of several research reports. Piper Sandler decreased their target price on Howard Hughes from $105.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, May 23rd. Wall Street Zen downgraded Howard Hughes from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. JPMorgan Chase & Co. cut shares of Howard Hughes from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $82.00 to $76.00 in a report on Monday, June 23rd. Finally, BMO Capital Markets decreased their price target on shares of Howard Hughes from $85.00 to $80.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.33.

Howard Hughes Stock Performance

Shares of HHH stock opened at $75.49 on Friday. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 16.52 and a beta of 1.22. 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 one year low of $61.40 and a one year high of $87.77. The company’s 50-day moving average is $70.01 and its 200 day moving average is $70.72.

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.