Insider Selling: 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 dated Tuesday, August 11th. The shares were sold at an average price of $67.25, for a total transaction of $907,538.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Howard Hughes Price Performance

Howard Hughes stock opened at $66.55 on Friday. Howard Hughes Holdings Inc. has a 52 week low of $61.01 and a 52 week high of $91.07. The company’s 50 day moving average price is $68.60 and its two-hundred day moving average price is $68.56. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.08. The stock has a market cap of $3.97 billion, a P/E ratio of 13.47 and a beta of 1.14.

Howard Hughes (NYSE:HHH) last announced its earnings results on Wednesday, August 5th. The company reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $2.19. The firm had revenue of $1.12 billion for the quarter. Howard Hughes had a return on equity of 10.19% and a net margin of 12.31%.Howard Hughes’s quarterly revenue was up 330.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.22) EPS. On average, equities analysts predict that Howard Hughes Holdings Inc. will post 2.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Howard Hughes from $76.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Zacks Research cut Howard Hughes from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Weiss Ratings raised shares of Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $79.00.

Hedge Funds Weigh In On Howard Hughes

Institutional investors and hedge funds have recently bought and sold shares of the company. Odyssean LLC purchased a new stake in Howard Hughes in the second quarter worth $496,000. Jupiter Topco LLC purchased a new stake in Howard Hughes in the 2nd quarter worth about $1,056,000. Flat Footed LLC purchased a new stake in Howard Hughes in the 2nd quarter worth about $44,353,683,000. EFG International AG bought a new stake in Howard Hughes in the 2nd quarter valued at about $199,000. Finally, Ancora Advisors LLC bought a new stake in Howard Hughes in the 2nd quarter valued at about $499,000. 93.83% of the stock is owned by 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.