Howard Hughes (NYSE:HHH) Upgraded to Hold at Zacks Research

Howard Hughes (NYSE:HHH) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other equities analysts also recently weighed in on HHH. Weiss Ratings downgraded Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 6th. Wall Street Zen upgraded Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $85.00.

Howard Hughes Trading Up 0.7%

HHH opened at $67.24 on Monday. The stock has a 50-day moving average of $64.81 and a 200 day moving average of $71.91. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.97. Howard Hughes has a 12 month low of $61.01 and a 12 month high of $91.07. The firm has a market cap of $4.01 billion, a P/E ratio of 32.96 and a beta of 1.14.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $235.92 million for the quarter. Howard Hughes had a return on equity of 5.41% and a net margin of 8.04%.The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. As a group, research analysts forecast that Howard Hughes will post 3.01 EPS for the current year.

Insider Buying and Selling at Howard Hughes

In other news, insider James Carman sold 1,500 shares of Howard Hughes stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $64.20, for a total transaction of $96,300.00. Following the completion of the sale, the insider owned 22,096 shares of the company’s stock, valued at approximately $1,418,563.20. The trade was a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 48.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Northern Right Capital Management L.P. boosted its position in Howard Hughes by 15.7% during the 3rd quarter. Northern Right Capital Management L.P. now owns 302,450 shares of the company’s stock valued at $24,852,000 after acquiring an additional 41,095 shares in the last quarter. Brighton Jones LLC purchased a new stake in shares of Howard Hughes during the 4th quarter worth $511,000. Russell Investments Group Ltd. lifted its stake in shares of Howard Hughes by 98.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company’s stock worth $45,757,000 after purchasing an additional 276,083 shares during the last quarter. Gotham Asset Management LLC lifted its stake in shares of Howard Hughes by 31.5% during the 3rd quarter. Gotham Asset Management LLC now owns 337,199 shares of the company’s stock worth $27,708,000 after purchasing an additional 80,701 shares during the last quarter. Finally, Crcm LP boosted its position in Howard Hughes by 82.5% during the third quarter. Crcm LP now owns 560,713 shares of the company’s stock valued at $46,074,000 after purchasing an additional 253,490 shares in the last quarter. 93.83% of the stock is currently owned by hedge funds and other 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.