Howard Hughes (NYSE:HHH) Hits New 12-Month Low – Time to Sell?

Howard Hughes Holdings Inc. (NYSE:HHH)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $60.99 and last traded at $61.1260, with a volume of 149701 shares changing hands. The stock had previously closed at $61.55.

Analysts Set New Price Targets

HHH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Howard Hughes from $76.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Zacks Research cut Howard Hughes from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings upgraded Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $79.00.

Howard Hughes Stock Down 0.2%

The stock has a fifty day moving average of $66.98 and a two-hundred day moving average of $66.19. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 12.45 and a beta of 1.14. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.31 and a quick ratio of 2.31.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $2.19. Howard Hughes had a return on equity of 7.51% and a net margin of 12.31%.The business had revenue of $1.12 billion for the quarter. During the same quarter in the previous year, the company posted ($0.22) EPS. The firm’s revenue was up 330.2% on a year-over-year basis. Sell-side analysts anticipate that Howard Hughes Holdings Inc. will post 2.77 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Mary Tighe sold 13,495 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $67.25, for a total transaction of $907,538.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 47.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP bought a new stake in Howard Hughes in the 2nd quarter worth $31,000. EverSource Wealth Advisors LLC raised its holdings in Howard Hughes by 191.5% in the second quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock worth $35,000 after buying an additional 339 shares during the last quarter. Huntington National Bank increased its holdings in shares of Howard Hughes by 134.1% in the 4th quarter. Huntington National Bank now owns 494 shares of the company’s stock worth $39,000 after purchasing an additional 283 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Howard Hughes in the fourth quarter worth approximately $43,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in Howard Hughes during the 4th quarter valued at $43,000. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Company Profile

Howard Hughes Holdings Inc is a real estate development and management company that creates and operates large-scale master planned communities, mixed-use properties and strategic real estate developments. Its activities include land development, homebuilder lot sales, commercial and multifamily development, retail operations and the management of community amenities and infrastructure.

The company’s master planned communities include Summerlin in the Las Vegas area, The Woodlands and Bridgeland in the Houston area, The Woodlands Hills in Texas, Teravalis in the Phoenix area and Ward Village in Honolulu.