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

Howard Hughes Holdings Inc. (NYSE:HHH) has received an average rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $83.3333.

HHH has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Howard Hughes in a research report on Monday, December 29th. Zacks Research lowered shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th.

Insider Activity at Howard Hughes

In other Howard Hughes news, Director Mary Ann Tighe sold 6,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $88.83, for a total value of $532,980.00. Following the completion of the transaction, 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 link. Also, Director R Scot Sellers acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The shares were acquired at an average price of $77.94 per share, for a total transaction of $389,700.00. Following the acquisition, the director directly owned 67,517 shares of the company’s stock, valued at approximately $5,262,274.98. The trade was a 8.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 48.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HHH. Allworth Financial LP grew its stake in Howard Hughes by 134.2% during the second quarter. Allworth Financial LP now owns 363 shares of the company’s stock worth $25,000 after buying an additional 208 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in shares of Howard Hughes by 291.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 391 shares of the company’s stock valued at $27,000 after acquiring an additional 291 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Howard Hughes during the 3rd quarter worth $31,000. EverSource Wealth Advisors LLC increased its holdings in Howard Hughes by 191.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after purchasing an additional 339 shares in the last quarter. Finally, CWM LLC increased its holdings in Howard Hughes by 69.6% in the 3rd quarter. CWM LLC now owns 665 shares of the company’s stock valued at $55,000 after purchasing an additional 273 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Trading Up 0.3%

Shares of HHH opened at $83.69 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a 50 day simple moving average of $83.70 and a 200-day simple moving average of $78.79. Howard Hughes has a 1-year low of $61.40 and a 1-year high of $91.07. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 16.31 and a beta of 1.22.

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

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.