ACR Alpine Capital Research LLC Purchases 2,983 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

ACR Alpine Capital Research LLC boosted its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) by 12.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 27,479 shares of the company’s stock after buying an additional 2,983 shares during the quarter. Howard Hughes makes up about 0.1% of ACR Alpine Capital Research LLC’s portfolio, making the stock its 28th largest position. ACR Alpine Capital Research LLC’s holdings in Howard Hughes were worth $1,996,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina grew its position in shares of Howard Hughes by 0.9% during the 4th quarter. Treasurer of the State of North Carolina now owns 14,926 shares of the company’s stock worth $1,277,000 after buying an additional 140 shares during the period. LDR Capital Management LLC grew its holdings in Howard Hughes by 1.9% during the 1st quarter. LDR Capital Management LLC now owns 17,491 shares of the company’s stock worth $1,270,000 after acquiring an additional 321 shares during the period. Beech Hill Advisors Inc. grew its holdings in Howard Hughes by 5.6% during the 1st quarter. Beech Hill Advisors Inc. now owns 6,650 shares of the company’s stock worth $483,000 after acquiring an additional 350 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of Howard Hughes in the 1st quarter worth $26,000. Finally, Karpas Strategies LLC boosted its position in shares of Howard Hughes by 2.1% in the 4th quarter. Karpas Strategies LLC now owns 20,104 shares of the company’s stock worth $1,720,000 after purchasing an additional 422 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Howard Hughes Stock Up 5.0 %

Shares of NYSE HHH traded up $3.30 during mid-day trading on Thursday, reaching $69.76. 274,897 shares of the company’s stock were exchanged, compared to its average volume of 298,395. 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 business has a fifty day simple moving average of $66.06 and a 200 day simple moving average of $71.91. Howard Hughes Holdings Inc. has a twelve month low of $59.00 and a twelve month high of $86.72. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of -5.95 and a beta of 1.45.

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.