Howard Hughes (NYSE:HHH) General Counsel Buys $81,207.00 in Stock

Howard Hughes Holdings Inc. (NYSE:HHH) General Counsel Joseph Valane bought 1,260 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $64.45 per share, with a total value of $81,207.00. Following the transaction, the general counsel directly owned 29,209 shares of the company’s stock, valued at approximately $1,882,520.05. This trade represents a 4.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Howard Hughes Stock Performance

Howard Hughes stock opened at $62.77 on Thursday. The firm has a market capitalization of $3.74 billion, a PE ratio of 29.75 and a beta of 1.25. Howard Hughes Holdings Inc. has a one year low of $61.40 and a one year high of $91.07. The stock’s 50 day moving average price is $77.02 and its 200 day moving average price is $80.29. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.19 and a current ratio of 1.19.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Howard Hughes

Several institutional investors and hedge funds have recently made changes to their positions in the business. Allworth Financial LP increased its stake in shares of Howard Hughes by 134.2% in the second quarter. Allworth Financial LP now owns 363 shares of the company’s stock worth $25,000 after buying an additional 208 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in Howard Hughes by 291.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 391 shares of the company’s stock valued at $27,000 after acquiring an additional 291 shares during the last quarter. Global Retirement Partners LLC acquired a new position in Howard Hughes during the 3rd quarter worth $31,000. Signaturefd LLC grew its holdings in Howard Hughes by 41.5% during the 4th quarter. Signaturefd LLC now owns 423 shares of the company’s stock worth $34,000 after acquiring an additional 124 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased 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 worth $35,000 after purchasing an additional 339 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.