Howard Hughes Corp (NYSE:HHC) Director Pershing Square Capital Manage sold 19,800 shares of the business’s stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $126.59, for a total value of $2,506,482.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Pershing Square Capital Manage also recently made the following trade(s):

  • On Monday, September 24th, Pershing Square Capital Manage sold 51,660 shares of Howard Hughes stock. The stock was sold at an average price of $126.13, for a total value of $6,515,875.80.
  • On Wednesday, September 19th, Pershing Square Capital Manage sold 13,685 shares of Howard Hughes stock. The stock was sold at an average price of $125.09, for a total value of $1,711,856.65.

Howard Hughes stock opened at $124.55 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market capitalization of $5.46 billion, a PE ratio of 80.35 and a beta of 1.21. Howard Hughes Corp has a 52 week low of $116.22 and a 52 week high of $142.36.

Howard Hughes (NYSE:HHC) last posted its quarterly earnings data on Monday, August 6th. The financial services provider reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.34). The business had revenue of $181.00 million during the quarter, compared to the consensus estimate of $165.87 million. Howard Hughes had a return on equity of 1.99% and a net margin of 17.29%. The company’s revenue for the quarter was down 41.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 earnings per share. analysts anticipate that Howard Hughes Corp will post 1.65 EPS for the current year.

Institutional investors have recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd bought a new position in shares of Howard Hughes in the first quarter worth about $114,000. Nisa Investment Advisors LLC bought a new position in Howard Hughes during the second quarter valued at about $130,000. Qube Research & Technologies Ltd bought a new position in Howard Hughes during the second quarter valued at about $132,000. Commonwealth Equity Services LLC bought a new position in Howard Hughes during the first quarter valued at about $201,000. Finally, CIBC Asset Management Inc bought a new position in Howard Hughes during the second quarter valued at about $222,000. Institutional investors and hedge funds own 84.54% of the company’s stock.

A number of brokerages have weighed in on HHC. Citigroup began coverage on Howard Hughes in a research report on Tuesday, June 19th. They issued a “buy” rating and a $160.00 price target for the company. TheStreet cut Howard Hughes from a “b-” rating to a “c+” rating in a research report on Tuesday, September 18th. Jefferies Financial Group reiterated a “$141.27” rating and issued a $171.00 price objective on shares of Howard Hughes in a research note on Wednesday, July 18th. Sandler O’Neill upgraded Howard Hughes from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Friday, June 1st. Finally, Zacks Investment Research upgraded Howard Hughes from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th. One equities research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $159.33.

About Howard Hughes

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and mixed-use real estate properties in the United States. It operates in three segments: Master Planned Communities, Operating Assets, and Strategic Developments. The Master Planned Communities segment develops and sells residential and commercial land.

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Insider Buying and Selling by Quarter for Howard Hughes (NYSE:HHC)

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