Howard Hughes (NYSE:HHH) Price Target Lowered to $84.00 at JPMorgan Chase & Co.

Howard Hughes (NYSE:HHH) had its target price cut by JPMorgan Chase & Co. from $90.00 to $84.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.

Separately, TheStreet raised Howard Hughes from a d+ rating to a c- rating in a research note on Friday, December 22nd.

Howard Hughes Stock Down 0.8 %

Shares of NYSE HHH opened at $60.19 on Tuesday. The company has a 50-day simple moving average of $71.94 and a 200-day simple moving average of $74.74. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.73. Howard Hughes has a 12 month low of $59.00 and a 12 month high of $86.72.

Howard Hughes (NYSE:HHH) last released its earnings results on Tuesday, February 27th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.44 by $0.25. Howard Hughes had a negative net margin of 53.88% and a negative return on equity of 0.62%. The firm had revenue of $335.84 million during the quarter, compared to analysts’ expectations of $318.32 million. Sell-side analysts anticipate that Howard Hughes will post 2.69 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Heath Melton sold 1,926 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $72.95, for a total transaction of $140,501.70. Following the completion of the sale, the insider now directly owns 9,274 shares in the company, valued at approximately $676,538.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 33.00% of the stock is currently owned by insiders.

Institutional Trading of Howard Hughes

A number of institutional investors have recently modified their holdings of HHH. Treasurer of the State of North Carolina lifted its position in Howard Hughes by 0.9% during the fourth quarter. Treasurer of the State of North Carolina now owns 14,926 shares of the company’s stock valued at $1,277,000 after buying an additional 140 shares in the last quarter. Beech Hill Advisors Inc. lifted its holdings in shares of Howard Hughes by 5.6% during the 1st quarter. Beech Hill Advisors Inc. now owns 6,650 shares of the company’s stock valued at $483,000 after acquiring an additional 350 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Howard Hughes by 1.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,812 shares of the company’s stock worth $2,038,000 after purchasing an additional 409 shares during the period. Karpas Strategies LLC increased its holdings in Howard Hughes by 2.1% in the 4th quarter. Karpas Strategies LLC now owns 20,104 shares of the company’s stock valued at $1,720,000 after purchasing an additional 422 shares in the last quarter. Finally, KBC Group NV purchased a new position in Howard Hughes in the fourth quarter valued at about $38,000. Hedge funds and other 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.