Hilltop National Bank Takes $273,000 Position in Howard Hughes Holdings Inc. $HHH

Hilltop National Bank purchased a new stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,044 shares of the company’s stock, valued at approximately $273,000.

A number of other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in Howard Hughes by 0.4% in the 1st 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 period. Egerton Capital UK LLP lifted its stake 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 acquiring an additional 752,325 shares during the period. American Century Companies Inc. lifted its stake 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 acquiring an additional 155,110 shares during the period. Victory Capital Management Inc. lifted its stake 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 acquiring an additional 5,872 shares during the period. Finally, First Manhattan CO. LLC. lifted its stake 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 acquiring an additional 20,684 shares during the period. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Howard Hughes Stock Performance

Shares of NYSE HHH opened at $84.77 on Friday. Howard Hughes Holdings Inc. has a 1 year low of $61.40 and a 1 year high of $87.77. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $5.04 billion, a PE ratio of 18.55 and a beta of 1.23. The firm has a fifty day moving average price of $76.40 and a 200-day moving average price of $71.64.

Analyst Upgrades and Downgrades

HHH has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective 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. Zacks Research upgraded Howard Hughes from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Wall Street Zen lowered Howard Hughes from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Howard Hughes in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Howard Hughes has an average rating of “Moderate Buy” and a consensus target price 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.