Ingalls & Snyder LLC Sells 2,819 Shares of Howard Hughes Holdings Inc. $HHH

Ingalls & Snyder LLC decreased its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,298 shares of the company’s stock after selling 2,819 shares during the period. Ingalls & Snyder LLC owned about 0.22% of Howard Hughes worth $7,445,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HHH. Egerton Capital UK LLP increased its stake in shares of Howard Hughes by 169.5% during the first quarter. Egerton Capital UK LLP now owns 1,196,288 shares of the company’s stock valued at $88,621,000 after buying an additional 752,325 shares during the period. Millennium Management LLC increased its stake in shares of Howard Hughes by 2,368.8% during the first quarter. Millennium Management LLC now owns 165,926 shares of the company’s stock valued at $12,292,000 after buying an additional 159,205 shares during the period. American Century Companies Inc. increased its stake in shares of Howard Hughes by 24.8% during the first quarter. American Century Companies Inc. now owns 779,879 shares of the company’s stock valued at $57,773,000 after buying an additional 155,110 shares during the period. Alpine Associates Management Inc. purchased a new position in shares of Howard Hughes during the first quarter valued at $8,226,000. Finally, Royal Bank of Canada increased its stake in shares of Howard Hughes by 1,900.6% during the first quarter. Royal Bank of Canada now owns 99,248 shares of the company’s stock valued at $7,353,000 after buying an additional 94,287 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Howard Hughes Price Performance

Shares of NYSE HHH opened at $81.77 on Friday. 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 company has a market cap of $4.86 billion, a PE ratio of 17.89 and a beta of 1.23. The business has a 50-day simple moving average of $79.54 and a two-hundred day simple moving average of $72.56. Howard Hughes Holdings Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $87.77.

Insider Activity at Howard Hughes

In related news, Director Anthony Williams sold 1,100 shares of Howard Hughes stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $79.58, for a total transaction of $87,538.00. Following the completion of the sale, the director owned 8,102 shares of the company’s stock, valued at $644,757.16. The trade was a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 48.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on HHH shares. Weiss Ratings restated a “hold (c-)” rating on shares of Howard Hughes in a research note on Saturday. Zacks Research upgraded Howard Hughes from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. JPMorgan Chase & Co. raised their price objective on Howard Hughes from $76.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Finally, Wall Street Zen downgraded Howard Hughes from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One research 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’s stock. Based on data from MarketBeat, Howard Hughes has an average rating of “Moderate Buy” and a consensus price target 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.