Howard Hughes (NYSE:HHH) Shares Gap Up to $70.47

Howard Hughes Holdings Inc. (NYSE:HHH) shares gapped up prior to trading on Friday . The stock had previously closed at $70.47, but opened at $73.98. Howard Hughes shares last traded at $74.35, with a volume of 46,381 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Howard Hughes from $90.00 to $84.00 and set an “overweight” rating on the stock in a report on Tuesday, April 16th. Jefferies Financial Group dropped their target price on 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 Performance

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 company has a market cap of $3.60 billion, a PE ratio of -6.33 and a beta of 1.45. The firm’s 50-day simple moving average is $66.90 and its two-hundred day simple moving average is $70.97.

Institutional Trading of Howard Hughes

Several large investors have recently added to or reduced their stakes in HHH. Fidelis Capital Partners LLC purchased a new position in shares of Howard Hughes during the first quarter worth $26,000. International Assets Investment Management LLC purchased a new stake in shares of Howard Hughes in the fourth quarter worth about $44,000. Fifth Third Bancorp acquired a new stake in Howard Hughes during the first quarter worth about $38,000. Citigroup Inc. purchased a new position in Howard Hughes during the third quarter valued at approximately $48,000. Finally, Baystate Wealth Management LLC acquired a new position in Howard Hughes in the fourth quarter valued at approximately $68,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

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.