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

Howard Hughes Holdings Inc. (NYSE:HHH) has received a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $83.3333.

HHH has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Howard Hughes in a research note on Monday. Wall Street Zen upgraded Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. JPMorgan Chase & Co. increased their price objective on Howard Hughes from $76.00 to $85.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Finally, Zacks Research lowered Howard Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th.

Howard Hughes Stock Down 0.8%

HHH opened at $78.09 on Wednesday. Howard Hughes has a fifty-two week low of $61.40 and a fifty-two week high of $91.07. The firm has a market capitalization of $4.64 billion, a P/E ratio of 15.22 and a beta of 1.22. The company’s 50-day moving average is $83.41 and its 200 day moving average is $77.34. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 1.18.

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

Insider Activity

In related news, Director Mary Ann Tighe sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $88.83, for a total value of $532,980.00. Following the sale, the director directly owned 13,495 shares in the company, valued at approximately $1,198,760.85. The trade was a 30.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Anthony Williams sold 1,100 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $79.58, for a total transaction of $87,538.00. Following the sale, the director directly owned 8,102 shares in the company, valued at approximately $644,757.16. This trade represents a 11.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 48.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Howard Hughes in the second quarter valued at $25,951,000. Russell Investments Group Ltd. grew its holdings in Howard Hughes by 98.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company’s stock valued at $45,757,000 after buying an additional 276,083 shares in the last quarter. Northern Right Capital Management L.P. bought a new stake in shares of Howard Hughes during the second quarter valued at about $17,641,000. Crcm LP lifted its holdings in shares of Howard Hughes by 82.5% in the third quarter. Crcm LP now owns 560,713 shares of the company’s stock worth $46,074,000 after buying an additional 253,490 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Howard Hughes by 2,368.8% in the first quarter. Millennium Management LLC now owns 165,926 shares of the company’s stock valued at $12,292,000 after acquiring an additional 159,205 shares during the period. 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.