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

Howard Hughes Holdings Inc. (NYSE:HHH) has earned a consensus rating of “Hold” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $83.3333.

Several research firms have recently commented on HHH. Wall Street Zen upgraded Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings restated a “hold (c)” rating on shares of Howard Hughes in a research note on Monday, December 29th.

Insider Activity at Howard Hughes

In other Howard Hughes news, Director R Scot Sellers bought 5,000 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The shares were bought 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 48.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Howard Hughes

A number of hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its holdings in shares of Howard Hughes by 1,183.2% in the third quarter. SG Americas Securities LLC now owns 25,716 shares of the company’s stock valued at $2,113,000 after purchasing an additional 23,712 shares in the last quarter. Brighton Jones LLC bought a new stake in Howard Hughes during the fourth quarter worth $511,000. TrueMark Investments LLC bought a new stake in Howard Hughes during the third quarter worth $1,318,000. Annex Advisory Services LLC purchased a new stake in Howard Hughes in the 3rd quarter valued at $1,224,000. Finally, Jackson Creek Investment Advisors LLC bought a new position in Howard Hughes during the 3rd quarter valued at $1,463,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Stock Performance

Shares of HHH opened at $69.46 on Monday. Howard Hughes has a one year low of $61.40 and a one year high of $91.07. The company has a market cap of $4.14 billion, a PE ratio of 32.92 and a beta of 1.25. The stock has a 50-day moving average of $79.57 and a 200-day moving average of $80.85. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.19 and a quick ratio of 1.18.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results on Thursday, February 19th. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $1.26. The business had revenue of $624.45 million for the quarter. Howard Hughes had a return on equity of 5.54% and a net margin of 8.40%.The firm’s quarterly revenue was down 36.5% compared to the same quarter last year. During the same period last year, the company posted $3.25 earnings per share. On average, equities research analysts predict that Howard Hughes will post 3.7 EPS for the current fiscal year.

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.