Insider Selling: Howard Hughes (NYSE:HHH) Insider Sells $96,300.00 in Stock

Howard Hughes Holdings Inc. (NYSE:HHH) insider James Carman sold 1,500 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $64.20, for a total value of $96,300.00. Following the sale, the insider directly owned 22,096 shares of the company’s stock, valued at approximately $1,418,563.20. This trade represents a 6.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Howard Hughes Stock Performance

NYSE:HHH opened at $64.06 on Thursday. The firm has a market cap of $3.82 billion, a PE ratio of 31.40 and a beta of 1.15. Howard Hughes Holdings Inc. has a fifty-two week low of $61.01 and a fifty-two week high of $91.07. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.58 and a current ratio of 1.58. The business has a 50 day moving average price of $63.82 and a 200-day moving average price of $75.19.

Howard Hughes (NYSE:HHH) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $235.92 million during the quarter. Howard Hughes had a return on equity of 5.41% and a net margin of 8.04%.The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the company posted $0.21 EPS. Equities research analysts predict that Howard Hughes Holdings Inc. will post 3.01 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. Finally, Zacks Research downgraded Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Howard Hughes has a consensus rating of “Reduce” and an average price target of $85.00.

Institutional Investors Weigh In On Howard Hughes

Large investors have recently bought and sold shares of the business. Signaturefd LLC increased its holdings in Howard Hughes by 41.5% in the 4th quarter. Signaturefd LLC now owns 423 shares of the company’s stock worth $34,000 after buying an additional 124 shares in the last quarter. Huntington National Bank increased its holdings in Howard Hughes by 134.1% in the 4th quarter. Huntington National Bank now owns 494 shares of the company’s stock worth $39,000 after buying an additional 283 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Howard Hughes by 191.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after purchasing an additional 339 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Howard Hughes during the 4th quarter valued at about $43,000. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of Howard Hughes during the 4th quarter valued at about $43,000. 93.83% of the stock is currently owned by institutional investors.

About Howard Hughes

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.