Ethic Inc. Raises Position in Howard Hughes Holdings Inc. $HHH

Ethic Inc. grew its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 70.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,246 shares of the company’s stock after buying an additional 2,166 shares during the period. Ethic Inc.’s holdings in Howard Hughes were worth $356,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Howard Hughes by 0.4% in the first 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 raised its holdings in Howard Hughes by 169.5% in the first 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. raised its holdings in Howard Hughes by 24.8% in the first 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. raised its holdings in Howard Hughes by 2.0% in the first 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. raised its holdings in Howard Hughes by 8.4% in the first 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. 93.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wall Street Zen cut shares of Howard Hughes from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Zacks Research raised shares of Howard Hughes from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Howard Hughes from $76.00 to $85.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Howard Hughes in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.33.

Howard Hughes Stock Down 2.4%

Shares of HHH stock opened at $78.84 on Thursday. Howard Hughes Holdings Inc. has a 12 month low of $61.40 and a 12 month high of $87.77. The stock has a market cap of $4.68 billion, a P/E ratio of 17.25 and a beta of 1.23. 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 company has a 50 day simple moving average of $79.94 and a two-hundred day simple moving average of $72.90.

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.