Rhumbline Advisers Has $2.25 Million Stake in Howard Hughes Holdings Inc. $HHH

Rhumbline Advisers cut its stake in Howard Hughes Holdings Inc. (NYSE:HHH) by 5.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,411 shares of the company’s stock after selling 1,642 shares during the quarter. Rhumbline Advisers owned approximately 0.06% of Howard Hughes worth $2,253,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HHH. Caitong International Asset Management Co. Ltd increased its position in Howard Hughes by 910.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 394 shares of the company’s stock worth $29,000 after acquiring an additional 355 shares during the period. National Bank of Canada FI acquired a new stake in shares of Howard Hughes in the 1st quarter valued at approximately $37,000. Larson Financial Group LLC boosted its position in Howard Hughes by 2,290.9% during the 1st quarter. Larson Financial Group LLC now owns 526 shares of the company’s stock worth $39,000 after buying an additional 504 shares during the period. SBI Securities Co. Ltd. boosted its position in Howard Hughes by 14,500.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 876 shares of the company’s stock worth $65,000 after buying an additional 870 shares during the period. Finally, Whittier Trust Co. acquired a new stake in Howard Hughes during the 1st quarter worth approximately $161,000. 93.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Piper Sandler cut their target price on shares of Howard Hughes from $105.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, May 23rd. Wall Street Zen downgraded shares of Howard Hughes from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Zacks Research lowered shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Howard Hughes from $76.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.33.

Howard Hughes Stock Performance

NYSE:HHH opened at $82.25 on Thursday. The company has a fifty day moving average of $73.43 and a 200-day moving average of $71.02. The firm has a market capitalization of $4.89 billion, a P/E ratio of 18.00 and a beta of 1.21. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.85. Howard Hughes Holdings Inc. has a twelve month low of $61.40 and a twelve month high of $87.77.

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.