Howard Hughes (NYSE:HHH) Insider Sells $96,300.00 in Stock

Howard Hughes Holdings Inc. (NYSE:HHH) insider James Carman sold 1,500 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $64.20, for a total transaction of $96,300.00. Following the completion of the sale, the insider directly owned 22,096 shares in the company, valued at $1,418,563.20. This trade represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Howard Hughes Trading Down 0.5%

NYSE HHH traded down $0.29 during trading on Monday, hitting $63.50. The stock had a trading volume of 463,685 shares, compared to its average volume of 457,997. Howard Hughes Holdings Inc. has a one year low of $61.01 and a one year high of $91.07. The stock has a 50 day simple moving average of $64.18 and a 200 day simple moving average of $75.53. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 31.13 and a beta of 1.15. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.58 and a current ratio of 1.58.

Howard Hughes (NYSE:HHH) last released its earnings results on Thursday, May 7th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. Howard Hughes had a return on equity of 5.41% and a net margin of 8.04%.The firm had revenue of $235.92 million for the quarter. During the same period in the prior year, the company posted $0.21 EPS. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. Sell-side analysts predict that Howard Hughes Holdings Inc. will post 3.01 earnings per share for the current year.

Institutional Investors Weigh In On Howard Hughes

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in Howard Hughes by 8.0% in 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. American Century Companies Inc. boosted its holdings in shares of Howard Hughes by 0.3% in the 3rd quarter. American Century Companies Inc. now owns 747,495 shares of the company’s stock valued at $61,422,000 after buying an additional 2,595 shares in the last quarter. Crcm LP boosted its holdings in shares of 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 in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Howard Hughes by 98.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company’s stock worth $45,757,000 after acquiring an additional 276,083 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Howard Hughes during the 4th quarter worth approximately $31,957,000. Institutional investors own 93.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on HHH shares. Weiss Ratings downgraded Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 6th. Zacks Research downgraded shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Finally, Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $85.00.

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.