Howard Hughes Holdings Inc. (NYSE:HHH) Given Consensus Rating of “Hold” by Analysts

Shares of Howard Hughes Holdings Inc. (NYSE:HHH) have been assigned a consensus rating of “Hold” from the five analysts that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $83.3333.

Several equities analysts recently weighed in on the stock. Zacks Research cut shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Wall Street Zen upgraded Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Howard Hughes in a report on Monday, December 29th.

Insider Activity

In related news, Director Mary Ann Tighe sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $88.83, for a total transaction of $532,980.00. Following the transaction, the director directly owned 13,495 shares of the company’s stock, valued at $1,198,760.85. This trade represents a 30.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director R Scot Sellers acquired 5,000 shares of Howard Hughes stock in a transaction on Tuesday, December 23rd. The stock was purchased at an average cost of $77.94 per share, with a total value of $389,700.00. Following the completion of the transaction, the director directly owned 67,517 shares in the company, valued at $5,262,274.98. This represents a 8.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 48.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP increased its position in shares of Howard Hughes by 134.2% during the 2nd quarter. Allworth Financial LP now owns 363 shares of the company’s stock valued at $25,000 after purchasing an additional 208 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in Howard Hughes by 291.0% during the second quarter. TD Waterhouse Canada Inc. now owns 391 shares of the company’s stock worth $27,000 after buying an additional 291 shares during the last quarter. Global Retirement Partners LLC bought a new stake in Howard Hughes in the third quarter worth about $31,000. Signaturefd LLC boosted its stake in Howard Hughes by 41.5% in the fourth quarter. Signaturefd LLC now owns 423 shares of the company’s stock valued at $34,000 after acquiring an additional 124 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Howard Hughes by 191.5% in the second quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after acquiring an additional 339 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Howard Hughes Trading Down 1.7%

Shares of HHH stock opened at $83.40 on Thursday. The stock has a 50 day simple moving average of $81.92 and a 200 day simple moving average of $80.34. Howard Hughes has a 1 year low of $61.40 and a 1 year high of $91.07. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.80. The stock has a market cap of $4.95 billion, a P/E ratio of 16.26 and a beta of 1.24.

Howard Hughes (NYSE:HHH) last released its quarterly earnings data on Monday, November 10th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.46. The firm had revenue of $390.24 million for the quarter, compared to the consensus estimate of $331.52 million. Howard Hughes had a net margin of 14.95% and a return on equity of 11.06%. The business’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.95 earnings per share. On average, research analysts predict that Howard Hughes will post 3.7 earnings per share for the current fiscal year.

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. 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.