Fidelis Capital Partners LLC Acquires New Shares in Howard Hughes Holdings Inc. (NYSE:HHH)

Fidelis Capital Partners LLC acquired a new stake in Howard Hughes Holdings Inc. (NYSE:HHH) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 353 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pin Oak Investment Advisors Inc. bought a new stake in shares of Howard Hughes in the fourth quarter valued at about $2,915,000. Norges Bank bought a new stake in shares of Howard Hughes in the fourth quarter valued at about $26,369,000. Clearbridge Investments LLC raised its holdings in shares of Howard Hughes by 4.5% in the fourth quarter. Clearbridge Investments LLC now owns 318,814 shares of the company’s stock valued at $27,275,000 after acquiring an additional 13,850 shares in the last quarter. Pershing Square Capital Management L.P. raised its holdings in Howard Hughes by 12.2% in the fourth quarter. Pershing Square Capital Management L.P. now owns 18,852,064 shares of the company’s stock worth $1,612,794,000 after purchasing an additional 2,045,156 shares in the last quarter. Finally, Citigroup Inc. bought a new position in Howard Hughes in the third quarter worth about $48,000. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Stock Performance

Shares of Howard Hughes stock opened at $66.46 on Thursday. The company has a market capitalization of $3.34 billion, a PE ratio of -5.67 and a beta of 1.45. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.44 and a current ratio of 1.44. The company has a 50-day simple moving average of $66.01 and a two-hundred day simple moving average of $71.92. Howard Hughes Holdings Inc. has a one year low of $59.00 and a one year high of $86.72.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HHH shares. JPMorgan Chase & Co. reduced their target price on shares of Howard Hughes from $90.00 to $84.00 and set an “overweight” rating for the company in a report on Tuesday, April 16th. Jefferies Financial Group reduced their target price on shares of Howard Hughes from $89.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, June 4th.

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.