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 third quarter, according to its most recent filing with the SEC. The firm owned 13,323 shares of the company’s stock after acquiring an additional 7,425 shares during the period. Cibc World Market Inc.’s holdings in Howard Hughes were worth $1,095,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HHH. Arizona State Retirement System boosted its position in shares of Howard Hughes by 1.4% during the third quarter. Arizona State Retirement System now owns 9,666 shares of the company’s stock valued at $794,000 after purchasing an additional 130 shares in the last quarter. Huntington National Bank lifted its position in Howard Hughes by 15.5% during the second quarter. Huntington National Bank now owns 1,079 shares of the company’s stock valued at $73,000 after buying an additional 145 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of Howard Hughes by 0.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 33,098 shares of the company’s stock valued at $2,234,000 after buying an additional 160 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of Howard Hughes by 4.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,962 shares of the company’s stock worth $335,000 after buying an additional 197 shares during the period. Finally, Allworth Financial LP grew its position in shares of Howard Hughes by 134.2% in the 2nd quarter. Allworth Financial LP now owns 363 shares of the company’s stock worth $25,000 after buying an additional 208 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Howard Hughes Stock Up 0.8%

NYSE:HHH opened at $82.81 on Wednesday. The firm has a market cap of $4.92 billion, a P/E ratio of 16.14 and a beta of 1.24. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.18 and a current ratio of 1.18. Howard Hughes Holdings Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $91.07. The firm has a 50-day simple moving average of $81.63 and a two-hundred day simple moving average of $80.78.

Analyst Ratings Changes

A number of research analysts recently issued reports on HHH shares. Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Howard Hughes in a research note on Monday, December 29th. Finally, Zacks Research cut Howard Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.33.

Insider Activity at Howard Hughes

In other Howard Hughes news, Director R Scot Sellers purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was purchased at an average price of $77.94 per share, for a total transaction 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. This trade represents a 8.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mary Ann Tighe sold 6,000 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $88.83, for a total value of $532,980.00. Following the transaction, the director directly owned 13,495 shares in the company, valued at approximately $1,198,760.85. The trade was a 30.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 48.00% of the stock is owned by company insiders.

Howard Hughes 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.