From Nasdaq: 2025-01-18 18:14:00

Bill Ackman’s fund, Pershing Square Capital Management, has been a supporter of Howard Hughes Holdings (NYSE: HHH) since 2010. Despite a modest 2.2% compound annual gain on their investment, Ackman is proposing to purchase a large portion of the remaining public float at $85 per share, totaling $1 billion. This move would increase Pershing’s stake to over 60% of outstanding shares. Howard Hughes is a real estate development company with a focus on master-planned communities and unique assets like the Las Vegas Aviators baseball team. Considered undervalued, the company’s future growth potential has caught Ackman’s attention.

Before investing in Howard Hughes, it’s worth noting that the Motley Fool Stock Advisor team has identified other stocks for potential high returns. While Howard Hughes is not on their list, the service has historically outperformed the S&P 500 significantly. With Pershing Square’s bold move and the company’s unique assets, investors may want to keep an eye on Howard Hughes for future opportunities.



Read more at Nasdaq: Billionaire Investor Bill Ackman Just Went All In On One of His Favorite Stocks: He Plans to Hold It “Forever”