Howard Hughes (NYSE:HHH) Upgraded at Zacks Research

Zacks Research upgraded shares of Howard Hughes (NYSE:HHH) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

Several other brokerages also recently issued reports on HHH. Wall Street Zen downgraded Howard Hughes from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. JPMorgan Chase & Co. raised their price target on shares of Howard Hughes from $76.00 to $85.00 and gave the company a “neutral” rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Howard Hughes presently has a consensus rating of “Buy” and a consensus price target of $83.33.

Howard Hughes Stock Performance

Shares of NYSE:HHH opened at $79.69 on Monday. The business has a 50-day moving average of $74.59 and a two-hundred day moving average of $71.20. The firm has a market capitalization of $4.73 billion, a PE ratio of 17.44 and a beta of 1.21. Howard Hughes has a 12 month low of $61.40 and a 12 month high of $87.77. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.18 and a quick ratio of 1.18.

Hedge Funds Weigh In On Howard Hughes

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Egerton Capital UK LLP boosted its holdings in shares of Howard Hughes by 169.5% during the first quarter. Egerton Capital UK LLP now owns 1,196,288 shares of the company’s stock valued at $88,621,000 after acquiring an additional 752,325 shares during the period. Norges Bank acquired a new stake in Howard Hughes during the second quarter valued at approximately $25,951,000. Northern Right Capital Management L.P. acquired a new stake in shares of Howard Hughes during the 2nd quarter valued at $17,641,000. Millennium Management LLC lifted its stake in Howard Hughes by 2,368.8% during the first quarter. Millennium Management LLC now owns 165,926 shares of the company’s stock valued at $12,292,000 after buying an additional 159,205 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Howard Hughes by 24.8% in the 1st quarter. American Century Companies Inc. now owns 779,879 shares of the company’s stock valued at $57,773,000 after acquiring an additional 155,110 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Company Profile

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.