Howard Hughes Holdings Inc. (NYSE:HHH) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Howard Hughes Holdings Inc. (NYSE:HHH) have received a consensus recommendation of “Hold” from the five research firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $83.3333.

A number of equities analysts have recently weighed in on HHH shares. Zacks Research cut shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. upped their price target on shares of Howard Hughes from $76.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Howard Hughes in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Howard Hughes from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th.

Howard Hughes Stock Performance

NYSE:HHH opened at $78.30 on Tuesday. The firm’s fifty day moving average price is $80.20 and its 200 day moving average price is $73.22. Howard Hughes has a 1-year low of $61.40 and a 1-year 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. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 17.13 and a beta of 1.23.

Insider Activity at Howard Hughes

In related news, Director Anthony Williams sold 1,100 shares of the business’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $79.58, for a total value of $87,538.00. Following the sale, the director directly owned 8,102 shares in the company, valued at $644,757.16. The trade was a 11.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 48.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Howard Hughes

Institutional investors and hedge funds have recently made changes to their positions in the business. Arizona State Retirement System lifted its holdings in Howard Hughes by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 9,666 shares of the company’s stock valued at $794,000 after purchasing an additional 130 shares in the last quarter. Huntington National Bank lifted its holdings in Howard Hughes by 15.5% in the 2nd quarter. Huntington National Bank now owns 1,079 shares of the company’s stock valued at $73,000 after purchasing an additional 145 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Howard Hughes by 0.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 33,098 shares of the company’s stock valued at $2,234,000 after purchasing an additional 160 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in Howard Hughes by 1.2% in the 1st quarter. Proficio Capital Partners LLC now owns 14,744 shares of the company’s stock valued at $1,089,000 after purchasing an additional 170 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in Howard Hughes by 4.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,962 shares of the company’s stock valued at $335,000 after purchasing an additional 197 shares in the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

About Howard Hughes

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.