Public Employees Retirement System of Ohio Decreases Position in Howard Hughes Holdings Inc. $HHH

Public Employees Retirement System of Ohio cut its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 69.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,113 shares of the company’s stock after selling 31,387 shares during the period. Public Employees Retirement System of Ohio’s holdings in Howard Hughes were worth $953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Howard Hughes by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,495,852 shares of the company’s stock valued at $184,894,000 after purchasing an additional 10,405 shares during the period. Egerton Capital UK LLP grew its stake in shares of Howard Hughes by 169.5% during the first quarter. Egerton Capital UK LLP now owns 1,196,288 shares of the company’s stock valued at $88,621,000 after buying an additional 752,325 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Howard Hughes by 24.8% during the first quarter. American Century Companies Inc. now owns 779,879 shares of the company’s stock valued at $57,773,000 after buying an additional 155,110 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Howard Hughes by 2.0% during the first quarter. Victory Capital Management Inc. now owns 300,963 shares of the company’s stock valued at $22,295,000 after buying an additional 5,872 shares during the last quarter. Finally, First Manhattan CO. LLC. grew its stake in shares of Howard Hughes by 8.4% during the first quarter. First Manhattan CO. LLC. now owns 267,978 shares of the company’s stock valued at $19,852,000 after buying an additional 20,684 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Howard Hughes Stock Up 0.5%

Shares of NYSE HHH opened at $84.77 on Friday. 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 stock has a market capitalization of $5.04 billion, a PE ratio of 18.55 and a beta of 1.23. The stock’s fifty day simple moving average is $76.40 and its two-hundred day simple moving average is $71.62. Howard Hughes Holdings Inc. has a 12-month low of $61.40 and a 12-month high of $87.77.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HHH. JPMorgan Chase & Co. upped their target price on Howard Hughes from $76.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Howard Hughes in a research note on Saturday, September 27th. Zacks Research raised Howard Hughes from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Finally, Wall Street Zen cut Howard Hughes from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Howard Hughes presently has a consensus rating of “Moderate Buy” and a consensus price target 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.