Howard Hughes (NYSE:HHH) Director Mary Ann Tighe Sells 6,000 Shares

Howard Hughes Holdings Inc. (NYSE:HHH) Director Mary Ann Tighe sold 6,000 shares of Howard Hughes stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $88.83, for a total transaction of $532,980.00. Following the sale, the director owned 13,495 shares of the company’s stock, valued at approximately $1,198,760.85. This represents a 30.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Howard Hughes Trading Up 0.3%

NYSE HHH traded up $0.27 during trading hours on Monday, hitting $89.80. The company’s stock had a trading volume of 511,663 shares, compared to its average volume of 432,998. Howard Hughes Holdings Inc. has a twelve month low of $61.40 and a twelve month high of $91.07. The firm has a market capitalization of $5.33 billion, a P/E ratio of 19.65 and a beta of 1.26. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.85. The stock has a fifty day moving average of $82.50 and a 200 day moving average of $75.42.

Howard Hughes (NYSE:HHH) last released its earnings results on Monday, November 10th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. The firm had revenue of $390.24 million during the quarter, compared to analyst estimates of $331.52 million. Howard Hughes had a net margin of 12.85% and a return on equity of 10.51%. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.95 EPS. Equities research analysts forecast that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new stake in shares of Howard Hughes in the fourth quarter valued at approximately $511,000. Northside Capital Management LLC acquired a new position in Howard Hughes during the second quarter worth $5,322,000. AQR Capital Management LLC grew its position in Howard Hughes by 37.7% in the first quarter. AQR Capital Management LLC now owns 147,754 shares of the company’s stock valued at $10,946,000 after purchasing an additional 40,414 shares in the last quarter. American Century Companies Inc. grew its position in Howard Hughes by 24.8% in the first quarter. American Century Companies Inc. now owns 779,879 shares of the company’s stock valued at $57,773,000 after purchasing an additional 155,110 shares in the last quarter. Finally, Comerica Bank increased its stake in Howard Hughes by 619.4% in the 1st quarter. Comerica Bank now owns 7,136 shares of the company’s stock valued at $529,000 after buying an additional 6,144 shares during the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HHH has been the subject of a number of analyst reports. Zacks Research cut Howard Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of Howard Hughes in a report on Monday, November 24th. JPMorgan Chase & Co. upped their price target on Howard Hughes from $76.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Finally, Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Howard Hughes currently has a consensus rating of “Hold” and a consensus target price of $83.33.

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.