Howard Hughes Corp (NYSE:HHC) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $104.04 and last traded at $107.32, with a volume of 102797 shares trading hands. The stock had previously closed at $107.24.

Several research analysts have recently issued reports on the stock. Citigroup raised their target price on shares of Howard Hughes from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, November 13th. TheStreet lowered shares of Howard Hughes from a “b-” rating to a “c+” rating in a research note on Tuesday, September 18th. One analyst has rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $160.00.

The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 69.28 and a beta of 1.21. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.28 and a current ratio of 1.28.

Howard Hughes (NYSE:HHC) last announced its quarterly earnings results on Monday, November 5th. The financial services provider reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.08). The firm had revenue of $257.00 million during the quarter, compared to analyst estimates of $191.77 million. Howard Hughes had a net margin of 18.75% and a return on equity of 2.38%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. Equities research analysts expect that Howard Hughes Corp will post 0.92 EPS for the current year.

In other news, Director Allen J. Model purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The shares were acquired at an average cost of $108.98 per share, for a total transaction of $108,980.00. Following the transaction, the director now directly owns 17,062 shares of the company’s stock, valued at approximately $1,859,416.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pershing Square Capital Manage sold 899,647 shares of the stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $109.39, for a total transaction of $98,412,385.33. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 56,570 shares of company stock worth $6,188,272 and sold 990,745 shares worth $109,891,796. Company insiders own 10.10% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd acquired a new stake in Howard Hughes during the 2nd quarter worth approximately $132,000. Pinnacle Financial Partners Inc. raised its holdings in Howard Hughes by 339.1% during the 3rd quarter. Pinnacle Financial Partners Inc. now owns 1,335 shares of the financial services provider’s stock worth $166,000 after buying an additional 1,031 shares during the period. Summit Financial Strategies Inc. acquired a new stake in Howard Hughes during the 3rd quarter worth approximately $217,000. CIBC Asset Management Inc acquired a new stake in Howard Hughes during the 2nd quarter worth approximately $222,000. Finally, Security National Bank of Sioux City Iowa IA acquired a new stake in Howard Hughes during the 2nd quarter worth approximately $232,000. Institutional investors and hedge funds own 84.68% of the company’s stock.

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Howard Hughes Company Profile (NYSE:HHC)

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.

See Also: Systematic Risk and Investors

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