Cullen Frost Bankers Inc. Increases Stock Position in Howard Hughes Holdings Inc. $HHH

Cullen Frost Bankers Inc. raised its holdings in Howard Hughes Holdings Inc. (NYSE:HHH) by 33.0% during the second quarter, Holdings Channel.com reports. The firm owned 2,488 shares of the company’s stock after purchasing an additional 618 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Howard Hughes were worth $168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC boosted its stake in shares of Howard Hughes by 1.2% during the 1st quarter. Proficio Capital Partners LLC now owns 14,744 shares of the company’s stock worth $1,089,000 after acquiring an additional 170 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Howard Hughes by 6.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 3,958 shares of the company’s stock worth $267,000 after acquiring an additional 245 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Howard Hughes by 910.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 394 shares of the company’s stock worth $29,000 after acquiring an additional 355 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Howard Hughes by 18.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,770 shares of the company’s stock worth $187,000 after acquiring an additional 430 shares in the last quarter. Finally, National Bank of Canada FI purchased a new stake in shares of Howard Hughes during the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Howard Hughes Stock Up 0.5%

Shares of Howard Hughes stock opened at $81.77 on Friday. The company has a fifty day moving average price of $79.54 and a 200 day moving average price of $72.56. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.85. Howard Hughes Holdings Inc. has a twelve month low of $61.40 and a twelve month high of $87.77. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 17.89 and a beta of 1.23.

Insiders Place Their Bets

In other Howard Hughes news, Director Anthony Williams sold 1,100 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $79.58, for a total value of $87,538.00. Following the completion of the transaction, the director directly owned 8,102 shares of the company’s stock, valued at $644,757.16. This represents a 11.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 48.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Howard Hughes in a research note on Saturday. JPMorgan Chase & Co. boosted their price target on Howard Hughes from $76.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Wall Street Zen downgraded Howard Hughes from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Finally, Zacks Research upgraded Howard Hughes from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Howard Hughes currently has an average rating of “Moderate Buy” and an average price target of $83.33.

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.