Clearbridge Investments LLC Grows Stock Position in Howard Hughes Holdings Inc. (NYSE:HHH)

Clearbridge Investments LLC grew its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 2.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 326,314 shares of the company’s stock after purchasing an additional 7,500 shares during the period. Clearbridge Investments LLC owned approximately 0.65% of Howard Hughes worth $23,697,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Citigroup Inc. purchased a new stake in Howard Hughes during the 3rd quarter worth $48,000. Vanguard Group Inc. acquired a new stake in shares of Howard Hughes during the third quarter valued at about $359,181,000. Sendero Wealth Management LLC purchased a new stake in shares of Howard Hughes during the fourth quarter worth about $213,000. Financial Enhancement Group LLC acquired a new position in shares of Howard Hughes in the fourth quarter worth about $1,184,000. Finally, Oak Thistle LLC purchased a new position in Howard Hughes in the fourth quarter valued at about $209,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Howard Hughes Stock Down 2.3 %

NYSE HHH traded down $1.65 on Wednesday, hitting $68.72. 413,084 shares of the stock traded hands, compared to its average volume of 296,356. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.79. The stock has a 50-day moving average of $66.83 and a 200 day moving average of $70.99. Howard Hughes Holdings Inc. has a twelve month low of $59.00 and a twelve month high of $86.72. The company has a market capitalization of $3.45 billion, a P/E ratio of -6.07 and a beta of 1.45.

Wall Street Analyst Weigh In

HHH has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price objective on Howard Hughes from $90.00 to $84.00 and set an “overweight” rating on the stock in a report on Tuesday, April 16th. Jefferies Financial Group cut their price target on shares of Howard Hughes from $89.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, June 4th.

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.