Howard Hughes (NYSE:HHH) Reaches New 12-Month Low – What’s Next?

Howard Hughes Holdings Inc. (NYSE:HHH) reached a new 52-week low during trading on Friday . The stock traded as low as $61.13 and last traded at $61.3690, with a volume of 77692 shares traded. The stock had previously closed at $62.06.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Howard Hughes in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Howard Hughes presently has a consensus rating of “Hold” and a consensus target price of $83.33.

Howard Hughes Price Performance

The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.73. The stock has a 50 day simple moving average of $76.19 and a 200-day simple moving average of $80.09. The firm has a market cap of $3.67 billion, a PE ratio of 29.19 and a beta of 1.25.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings data on Thursday, February 19th. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $0.31 by $1.26. Howard Hughes had a return on equity of 5.54% and a net margin of 8.40%.The business had revenue of $624.45 million for the quarter. During the same quarter in the previous year, the firm earned $3.25 earnings per share. Howard Hughes’s revenue was down 36.5% on a year-over-year basis. Equities analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director R Scot Sellers acquired 5,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The stock was acquired at an average cost of $77.94 per share, with a total value of $389,700.00. Following the acquisition, the director directly owned 67,517 shares in the company, valued at $5,262,274.98. This represents a 8.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Joseph Valane acquired 1,260 shares of Howard Hughes stock in a transaction dated Friday, March 13th. The shares were bought at an average price of $64.45 per share, for a total transaction of $81,207.00. Following the transaction, the general counsel owned 29,209 shares of the company’s stock, valued at approximately $1,882,520.05. The trade was a 4.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 48.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Howard Hughes

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its holdings in shares of Howard Hughes by 1,183.2% during the 3rd quarter. SG Americas Securities LLC now owns 25,716 shares of the company’s stock valued at $2,113,000 after purchasing an additional 23,712 shares during the last quarter. Brighton Jones LLC purchased a new position in shares of Howard Hughes during the fourth quarter valued at about $511,000. TrueMark Investments LLC bought a new stake in shares of Howard Hughes in the third quarter worth about $1,318,000. Annex Advisory Services LLC purchased a new stake in shares of Howard Hughes in the third quarter worth about $1,224,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Howard Hughes by 98.3% in the third quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company’s stock worth $45,757,000 after buying an additional 276,083 shares in the last quarter. 93.83% of the stock is 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.