Howard Hughes (NYSE:HHH) Director Sells $907,538.75 in Stock

Howard Hughes Holdings Inc. (NYSE:HHH) Director Mary Ann Tighe sold 13,495 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $67.25, for a total value of $907,538.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Howard Hughes Stock Up 1.5%

HHH stock traded up $1.02 during mid-day trading on Thursday, hitting $67.75. The stock had a trading volume of 424,061 shares, compared to its average volume of 443,992. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.97. Howard Hughes Holdings Inc. has a 1-year low of $61.01 and a 1-year high of $91.07. The company has a fifty day moving average of $68.52 and a 200 day moving average of $68.67. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 13.71 and a beta of 1.14.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $2.19. The business had revenue of $1.12 billion during the quarter. Howard Hughes had a return on equity of 9.91% and a net margin of 12.31%.The firm’s quarterly revenue was up 330.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.22) earnings per share. On average, equities analysts expect that Howard Hughes Holdings Inc. will post 2.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on HHH shares. Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised shares of Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. upped their price objective on shares of Howard Hughes from $76.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Finally, Zacks Research downgraded shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Howard Hughes has an average rating of “Reduce” and an average price target of $79.00.

Institutional Investors Weigh In On Howard Hughes

A number of large investors have recently added to or reduced their stakes in HHH. Dimensional Fund Advisors LP grew its holdings in Howard Hughes by 8.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,822,522 shares of the company’s stock valued at $178,549,000 after purchasing an additional 208,617 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Howard Hughes in the second quarter worth $115,766,000. Donald Smith & CO. Inc. bought a new stake in shares of Howard Hughes during the 2nd quarter worth $71,691,000. Crcm LP grew its stake in Howard Hughes by 9.3% in the 4th quarter. Crcm LP now owns 612,839 shares of the company’s stock valued at $48,886,000 after buying an additional 52,126 shares during the last quarter. Finally, Norges Bank acquired a new position in Howard Hughes in the 4th quarter valued at $31,957,000. Institutional investors own 93.83% of the company’s stock.

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. 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.