Howard Hughes Holdings Inc. $HHH Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its position in Howard Hughes Holdings Inc. (NYSE:HHH) by 21.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,458 shares of the company’s stock after selling 1,215 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Howard Hughes were worth $301,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Howard Hughes by 910.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 394 shares of the company’s stock valued at $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 first quarter valued at approximately $37,000. Larson Financial Group LLC boosted its holdings in shares of Howard Hughes by 2,290.9% in the first quarter. Larson Financial Group LLC now owns 526 shares of the company’s stock valued at $39,000 after acquiring an additional 504 shares during the period. SBI Securities Co. Ltd. boosted its holdings in shares of Howard Hughes by 14,500.0% in the first quarter. SBI Securities Co. Ltd. now owns 876 shares of the company’s stock valued at $65,000 after acquiring an additional 870 shares during the period. Finally, Whittier Trust Co. acquired a new stake in shares of Howard Hughes in the first quarter valued at approximately $161,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Howard Hughes Price Performance

Howard Hughes stock opened at $79.39 on Monday. Howard Hughes Holdings Inc. has a one year low of $61.40 and a one year high of $87.77. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.18 and a current ratio of 1.18. The business has a fifty day moving average of $80.14 and a two-hundred day moving average of $73.14. The company has a market cap of $4.72 billion, a P/E ratio of 17.37 and a beta of 1.23.

Analyst Ratings Changes

HHH has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Howard Hughes from $76.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Wall Street Zen downgraded Howard Hughes from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Zacks Research downgraded Howard Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Howard Hughes in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $83.33.

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.