Howard Hughes Holdings Inc. (NYSE:HHH) Given Consensus Rating of “Hold” by Analysts

Shares of Howard Hughes Holdings Inc. (NYSE:HHH) have been assigned an average rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $83.3333.

Several research analysts have commented on HHH shares. Zacks Research downgraded Howard Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Wall Street Zen raised Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Howard Hughes in a research note on Monday, December 29th.

Howard Hughes Trading Up 0.2%

HHH stock opened at $82.51 on Friday. Howard Hughes has a 12 month low of $61.40 and a 12 month high of $91.07. The firm’s 50-day moving average is $83.31 and its 200 day moving average is $78.25. The company has a market capitalization of $4.90 billion, a PE ratio of 16.08 and a beta of 1.22. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 1.18.

Howard Hughes (NYSE:HHH) last issued 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 business had revenue of $390.24 million for the quarter, compared to the consensus estimate of $331.52 million. Howard Hughes had a net margin of 14.95% and a return on equity of 11.06%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.95 EPS. On average, research analysts anticipate that Howard Hughes will post 3.7 EPS for the current year.

Insider Activity at Howard Hughes

In other Howard Hughes news, Director Mary Ann Tighe sold 6,000 shares of Howard Hughes stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $88.83, for a total value of $532,980.00. Following the transaction, the director directly owned 13,495 shares of the company’s stock, valued at approximately $1,198,760.85. The trade was a 30.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director R Scot Sellers purchased 5,000 shares of Howard Hughes stock in a transaction dated Tuesday, December 23rd. The shares were acquired at an average cost of $77.94 per share, for a total transaction of $389,700.00. Following the completion of the transaction, the director owned 67,517 shares of the company’s stock, valued at approximately $5,262,274.98. This represents a 8.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 48.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HHH. Allworth Financial LP raised its stake in Howard Hughes by 134.2% in the second quarter. Allworth Financial LP now owns 363 shares of the company’s stock valued at $25,000 after buying an additional 208 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Howard Hughes during the third quarter worth about $31,000. TD Waterhouse Canada Inc. increased 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 valued at $27,000 after acquiring an additional 291 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Howard Hughes by 191.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after purchasing an additional 339 shares during the last quarter. Finally, CWM LLC raised its position in shares of Howard Hughes by 69.6% in the 3rd quarter. CWM LLC now owns 665 shares of the company’s stock valued at $55,000 after purchasing an additional 273 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

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. Its MPCs segment develops, sells, and leases residential and commercial land designated for long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona.