Howard Hughes Holdings Inc. (NYSE:HHH) Given Consensus Rating of “Hold” by Brokerages

Shares of Howard Hughes Holdings Inc. (NYSE:HHH) have earned an average rating of “Hold” from the five analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $83.3333.

A number of research firms have weighed in on HHH. Zacks Research downgraded Howard Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Howard Hughes in a report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th.

Howard Hughes Trading Up 2.1%

NYSE HHH opened at $81.70 on Thursday. The firm’s fifty day moving average is $82.53 and its two-hundred day moving average is $79.88. Howard Hughes has a one year low of $61.40 and a one year high of $91.07. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $4.85 billion, a PE ratio of 15.93 and a beta of 1.24.

Howard Hughes (NYSE:HHH) last released its quarterly earnings results on Monday, November 10th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. The firm had revenue of $390.24 million for the quarter, compared to analyst estimates of $331.52 million. Howard Hughes had a return on equity of 11.06% and a net margin of 14.95%.The business’s revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the company posted $1.95 earnings per share. Analysts expect that Howard Hughes will post 3.7 earnings per share for the current year.

Insider Activity

In other news, Director Mary Ann Tighe sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $88.83, for a total transaction of $532,980.00. Following the transaction, the director directly owned 13,495 shares in the company, valued at $1,198,760.85. The trade was a 30.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director R Scot Sellers purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were purchased at an average cost of $77.94 per share, with a total value of $389,700.00. Following the completion of the acquisition, the director directly owned 67,517 shares of the company’s stock, valued at $5,262,274.98. This represents a 8.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 48.00% of the stock is owned by insiders.

Institutional Trading of Howard Hughes

Several hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in Howard Hughes by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,497,032 shares of the company’s stock worth $205,179,000 after acquiring an additional 9,102 shares during the period. American Century Companies Inc. boosted its position in shares of Howard Hughes by 0.3% during the 3rd quarter. American Century Companies Inc. now owns 747,495 shares of the company’s stock worth $61,422,000 after purchasing an additional 2,595 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Howard Hughes by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 567,967 shares of the company’s stock worth $38,343,000 after purchasing an additional 2,427 shares during the period. Crcm LP increased its holdings in shares of Howard Hughes by 82.5% in the 3rd quarter. Crcm LP now owns 560,713 shares of the company’s stock valued at $46,074,000 after purchasing an additional 253,490 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Howard Hughes by 98.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company’s stock valued at $45,757,000 after purchasing an additional 276,083 shares in the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

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.