Howard Hughes (NYSE:HHH) General Counsel Joseph Valane Purchases 1,260 Shares of Stock

Howard Hughes Holdings Inc. (NYSE:HHH) General Counsel Joseph Valane bought 1,260 shares of Howard Hughes stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of $64.45 per share, for a total transaction of $81,207.00. Following the purchase, the general counsel directly owned 29,209 shares in the company, valued at approximately $1,882,520.05. The trade was a 4.51% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Howard Hughes Trading Down 0.9%

HHH opened at $63.28 on Tuesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 29.99 and a beta of 1.25. The firm has a 50 day simple moving average of $77.70 and a 200 day simple moving average of $80.49. Howard Hughes Holdings Inc. has a fifty-two week low of $61.40 and a fifty-two week high of $91.07.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Howard Hughes in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $83.33.

Institutional Trading of Howard Hughes

A number of large investors have recently made changes to their positions in HHH. Dimensional Fund Advisors LP raised its stake in Howard Hughes by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,613,905 shares of the company’s stock worth $208,513,000 after buying an additional 116,873 shares during the period. American Century Companies Inc. grew its stake in Howard Hughes by 0.3% in the third quarter. American Century Companies Inc. now owns 747,495 shares of the company’s stock valued at $61,422,000 after acquiring an additional 2,595 shares during the period. Crcm LP grew its stake in Howard Hughes by 9.3% in the fourth quarter. Crcm LP now owns 612,839 shares of the company’s stock valued at $48,886,000 after acquiring an additional 52,126 shares during the period. Geode Capital Management LLC increased its holdings in shares of Howard Hughes by 0.4% in the second quarter. Geode Capital Management LLC now owns 567,967 shares of the company’s stock worth $38,343,000 after acquiring an additional 2,427 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Howard Hughes by 98.3% during the third quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company’s stock worth $45,757,000 after purchasing an additional 276,083 shares during the period. Institutional investors own 93.83% of the company’s stock.

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.