Howard Hughes (NYSE:HHH) Raised to Hold at Wall Street Zen

Howard Hughes (NYSE:HHH) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

HHH has been the topic of several other reports. Weiss Ratings restated a “hold (c-)” rating on shares of Howard Hughes in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on Howard Hughes from $76.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Finally, Zacks Research lowered Howard Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $83.33.

Howard Hughes Trading Down 1.3%

NYSE HHH opened at $85.92 on Friday. The company has a market cap of $5.10 billion, a PE ratio of 18.80 and a beta of 1.27. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.85. Howard Hughes has a 12 month low of $61.40 and a 12 month high of $90.27. The stock has a 50 day moving average of $81.56 and a 200-day moving average of $74.20.

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

Insiders Place Their Bets

In other Howard Hughes news, Director Anthony Williams sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $79.58, for a total transaction of $87,538.00. Following the completion of the sale, the director directly owned 8,102 shares in the company, valued at $644,757.16. This trade represents a 11.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 48.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Howard Hughes

A number of large investors have recently made changes to their positions in HHH. Allworth Financial LP lifted its holdings in Howard Hughes by 134.2% during the 2nd quarter. Allworth Financial LP now owns 363 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Howard Hughes during the third quarter worth $31,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Howard Hughes by 291.0% during the second quarter. TD Waterhouse Canada Inc. now owns 391 shares of the company’s stock worth $27,000 after buying an additional 291 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Howard Hughes by 910.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 394 shares of the company’s stock valued at $29,000 after acquiring an additional 355 shares during the period. Finally, National Bank of Canada FI acquired a new position in shares of Howard Hughes in the first quarter valued at about $37,000. Institutional investors own 93.83% of the company’s stock.

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.