Clearbridge Investments LLC Has $23.70 Million Stake in Howard Hughes Holdings Inc. (NYSE:HHH)

Clearbridge Investments LLC boosted its holdings in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing 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 quarter. Clearbridge Investments LLC’s holdings in Howard Hughes were worth $23,697,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC acquired a new position in shares of Howard Hughes during the first quarter worth approximately $26,000. International Assets Investment Management LLC acquired a new position in Howard Hughes during the 4th quarter valued at $44,000. Fifth Third Bancorp bought a new stake in Howard Hughes in the 1st quarter valued at $38,000. Citigroup Inc. acquired a new stake in Howard Hughes in the 3rd quarter worth $48,000. Finally, Baystate Wealth Management LLC bought a new position in shares of Howard Hughes during the 4th quarter worth about $68,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Price Performance

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HHH. Jefferies Financial Group decreased their price objective on Howard Hughes from $89.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, June 4th. JPMorgan Chase & Co. dropped their price objective on shares of Howard Hughes from $90.00 to $84.00 and set an “overweight” rating for the company in a research note on Tuesday, April 16th.

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.