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

Howard Hughes Holdings Inc. (NYSE:HHH) has been given an average rating of “Hold” by the five analysts that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $83.3333.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Howard Hughes in a report on Monday, December 29th.

Insider Activity at Howard Hughes

In other news, General Counsel Joseph Valane acquired 1,260 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was purchased at an average price of $64.45 per share, for a total transaction of $81,207.00. Following the completion of the transaction, the general counsel directly owned 29,209 shares in the company, valued at approximately $1,882,520.05. This trade represents a 4.51% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 48.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Howard Hughes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in shares of Howard Hughes by 1,183.2% during the 3rd quarter. SG Americas Securities LLC now owns 25,716 shares of the company’s stock valued at $2,113,000 after acquiring an additional 23,712 shares during the last quarter. Brighton Jones LLC bought a new stake in Howard Hughes in the fourth quarter worth $511,000. TrueMark Investments LLC bought a new stake in Howard Hughes in the third quarter worth $1,318,000. Northern Right Capital Management L.P. raised its stake in Howard Hughes by 15.7% during the third quarter. Northern Right Capital Management L.P. now owns 302,450 shares of the company’s stock valued at $24,852,000 after purchasing an additional 41,095 shares in the last quarter. Finally, Annex Advisory Services LLC bought a new position in Howard Hughes during the third quarter valued at $1,224,000. 93.83% of the stock is owned by institutional investors.

Howard Hughes Stock Down 0.5%

Shares of HHH opened at $62.75 on Friday. The business’s 50 day moving average is $72.72 and its 200 day moving average is $79.11. The company has a market capitalization of $3.74 billion, a PE ratio of 29.74 and a beta of 1.28. Howard Hughes has a 12-month low of $61.01 and a 12-month high of $91.07. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.73.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.21). Howard Hughes had a return on equity of 5.54% and a net margin of 8.40%.The business had revenue of $624.45 million during the quarter. During the same period last year, the firm earned $3.25 EPS. Howard Hughes’s revenue for the quarter was down 36.5% compared to the same quarter last year. Research analysts expect that Howard Hughes will post 3.7 earnings per share for the current fiscal year.

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.