Pinnacle Financial Partners Inc decreased its stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH – Free Report) by 20.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,572 shares of the company’s stock after selling 5,392 shares during the period. Pinnacle Financial Partners Inc’s holdings in Howard Hughes were worth $1,636,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Howard Hughes in the fourth quarter worth about $511,000. Bank of New York Mellon Corp raised its position in Howard Hughes by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 111,834 shares of the company’s stock worth $8,602,000 after purchasing an additional 5,356 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in Howard Hughes by 143.3% during the 4th quarter. Proficio Capital Partners LLC now owns 35,376 shares of the company’s stock worth $2,721,000 after buying an additional 20,836 shares in the last quarter. US Bancorp DE boosted its position in Howard Hughes by 30.7% in the 4th quarter. US Bancorp DE now owns 1,783 shares of the company’s stock valued at $137,000 after buying an additional 419 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new position in Howard Hughes in the 4th quarter valued at $40,000. Institutional investors own 93.83% of the company’s stock.
Howard Hughes Trading Up 0.6%
Shares of NYSE HHH opened at $69.39 on Friday. Howard Hughes Holdings Inc. has a fifty-two week low of $59.83 and a fifty-two week high of $87.77. The firm has a market capitalization of $3.50 billion, a P/E ratio of 13.32 and a beta of 1.21. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.41 and a quick ratio of 1.41. The company’s 50 day simple moving average is $68.77 and its 200 day simple moving average is $72.10.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on HHH shares. BMO Capital Markets cut their price target on Howard Hughes from $85.00 to $80.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. JPMorgan Chase & Co. lowered Howard Hughes from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $82.00 to $76.00 in a research report on Monday, June 23rd. Finally, 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.
Check Out Our Latest Analysis on Howard Hughes
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.
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