Cibc World Market Inc. Purchases 7,425 Shares of Howard Hughes Holdings Inc. $HHH

Cibc World Market Inc. grew its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 125.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,323 shares of the company’s stock after purchasing an additional 7,425 shares during the quarter. Cibc World Market Inc.’s holdings in Howard Hughes were worth $1,095,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in Howard Hughes by 0.4% in the second quarter. Geode Capital Management LLC now owns 567,967 shares of the company’s stock worth $38,343,000 after buying an additional 2,427 shares in the last quarter. Norges Bank purchased a new stake in shares of Howard Hughes in the 2nd quarter valued at $25,951,000. Northern Right Capital Management L.P. bought a new position in shares of Howard Hughes during the 2nd quarter valued at $17,641,000. State of New Jersey Common Pension Fund D grew its holdings in shares of Howard Hughes by 1.1% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 171,111 shares of the company’s stock valued at $11,550,000 after purchasing an additional 1,862 shares during the last quarter. Finally, Millennium Management LLC raised its position in Howard Hughes by 2,368.8% in the 1st quarter. Millennium Management LLC now owns 165,926 shares of the company’s stock worth $12,292,000 after purchasing an additional 159,205 shares during the period. 93.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Howard Hughes news, Director R Scot Sellers purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was bought at an average price of $77.94 per share, with a total value of $389,700.00. Following the completion of the purchase, the director directly owned 67,517 shares of the company’s stock, valued at $5,262,274.98. The trade was a 8.00% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mary Ann Tighe sold 6,000 shares of Howard Hughes stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $88.83, for a total transaction of $532,980.00. Following the completion of the sale, the director owned 13,495 shares in the company, valued at approximately $1,198,760.85. This trade represents a 30.78% decrease in their position. The disclosure for this sale is available in the SEC filing. 48.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HHH has been the subject of several analyst reports. Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Zacks Research cut Howard Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Howard Hughes in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $83.33.

Howard Hughes Stock Up 0.8%

NYSE HHH opened at $82.81 on Wednesday. Howard Hughes Holdings Inc. has a 1 year low of $61.40 and a 1 year high of $91.07. The stock has a market capitalization of $4.92 billion, a PE ratio of 16.14 and a beta of 1.24. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 1.18. The business’s 50-day moving average is $81.63 and its 200 day moving average is $80.78.

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. Its MPCs segment develops, sells, and leases residential and commercial land designated for long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona.