Howard Hughes (NYSE:HHH) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Howard Hughes (NYSE:HHH) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Weiss Ratings cut shares of Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $85.00.

Howard Hughes Trading Up 0.7%

Howard Hughes stock opened at $67.24 on Monday. The business has a 50-day simple moving average of $64.81 and a two-hundred day simple moving average of $71.91. The company has a market cap of $4.01 billion, a P/E ratio of 32.96 and a beta of 1.14. Howard Hughes has a 52-week low of $61.01 and a 52-week high of $91.07. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.97.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. The firm had revenue of $235.92 million for the quarter. Howard Hughes had a net margin of 8.04% and a return on equity of 5.41%. Howard Hughes’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter last year, the company earned $0.21 EPS. Analysts predict that Howard Hughes will post 3.01 EPS for the current year.

Insider Buying and Selling

In other news, insider James Carman sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $64.20, for a total value of $96,300.00. Following the transaction, the insider owned 22,096 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 48.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Signaturefd LLC grew its stake in shares of Howard Hughes by 41.5% during the 4th quarter. Signaturefd LLC now owns 423 shares of the company’s stock valued at $34,000 after acquiring an additional 124 shares during the period. EverSource Wealth Advisors LLC raised its stake in Howard Hughes by 191.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock worth $35,000 after acquiring an additional 339 shares during the period. Huntington National Bank raised its stake in Howard Hughes by 134.1% during the 4th quarter. Huntington National Bank now owns 494 shares of the company’s stock worth $39,000 after acquiring an additional 283 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in Howard Hughes during the fourth quarter valued at approximately $43,000. Finally, Atlas Capital Advisors Inc. purchased a new position in Howard Hughes during the fourth quarter valued at approximately $43,000. 93.83% of the stock is currently 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.