Howard Hughes (NYSE:HHH) Reaches New 52-Week Low – Should You Sell?

Howard Hughes Holdings Inc. (NYSE:HHH)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $60.99 and last traded at $61.1260, with a volume of 149701 shares changing hands. The stock had previously closed at $61.55.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HHH. Weiss Ratings raised shares of Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. Zacks Research raised Howard Hughes from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, JPMorgan Chase & Co. increased their price target on Howard Hughes from $76.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $79.00.

Howard Hughes Price Performance

The stock’s 50 day moving average price is $66.47 and its 200-day moving average price is $66.04. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $3.74 billion, a PE ratio of 12.68 and a beta of 1.14.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.68 EPS for the quarter, topping the consensus estimate of $0.49 by $2.19. Howard Hughes had a net margin of 12.31% and a return on equity of 7.51%. The company had revenue of $1.12 billion for the quarter. During the same period in the prior year, the business earned ($0.22) EPS. The company’s quarterly revenue was up 330.2% on a year-over-year basis. As a group, equities analysts forecast that Howard Hughes Holdings Inc. will post 2.77 EPS for the current year.

Insider Buying and Selling

In other news, Director Mary Tighe sold 13,495 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $67.25, for a total transaction of $907,538.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 47.70% of the stock is owned by corporate insiders.

Institutional Trading of Howard Hughes

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Howard Hughes by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,822,522 shares of the company’s stock worth $178,549,000 after purchasing an additional 208,617 shares in the last quarter. BlackRock Inc. bought a new stake in Howard Hughes during the 2nd quarter valued at $115,766,000. Donald Smith & CO. Inc. bought a new stake in Howard Hughes during the 2nd quarter valued at $71,691,000. Flat Footed LLC purchased a new stake in shares of Howard Hughes in the 2nd quarter worth $44,353,683. Finally, Crcm LP lifted its holdings in shares of Howard Hughes by 9.3% in the 4th quarter. Crcm LP now owns 612,839 shares of the company’s stock worth $48,886,000 after buying an additional 52,126 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

About Howard Hughes

Howard Hughes Holdings Inc is a real estate development and management company that creates and operates large-scale master planned communities, mixed-use properties and strategic real estate developments. Its activities include land development, homebuilder lot sales, commercial and multifamily development, retail operations and the management of community amenities and infrastructure.

The company’s master planned communities include Summerlin in the Las Vegas area, The Woodlands and Bridgeland in the Houston area, The Woodlands Hills in Texas, Teravalis in the Phoenix area and Ward Village in Honolulu.