Howard Hughes (NYSE:HHH) Sets New 12-Month Low – Should You Sell?

Howard Hughes Holdings Inc. (NYSE:HHH) shares hit a new 52-week low on Monday . The stock traded as low as $60.09 and last traded at $61.7560, with a volume of 1352612 shares trading hands. The stock had previously closed at $60.22.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Zacks Research upgraded Howard Hughes from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Weiss Ratings upgraded shares of Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Howard Hughes from $76.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Howard Hughes currently has an average rating of “Hold” and an average price target of $79.00.

Howard Hughes Trading Up 6.5%

The company has a debt-to-equity ratio of 1.35, a current ratio of 2.31 and a quick ratio of 2.31. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 12.99 and a beta of 1.14. The business’s 50-day moving average price is $65.83 and its two-hundred day moving average price is $65.80.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the company earned ($0.22) EPS. The company’s quarterly revenue was up 330.2% compared to the same quarter last year. Research analysts predict that Howard Hughes Holdings Inc. will post 4.75 earnings per share for the current year.

Insider Buying and Selling at Howard Hughes

In other news, Director Mary Tighe sold 13,495 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $67.25, for a total transaction of $907,538.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 47.70% of the company’s stock.

Institutional Investors Weigh In On Howard Hughes

Several institutional investors and hedge funds have recently bought and sold shares of the company. JCP Investment Management LLC lifted its stake in Howard Hughes by 29.3% during the first quarter. JCP Investment Management LLC now owns 234,100 shares of the company’s stock worth $14,809,000 after purchasing an additional 53,000 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Howard Hughes by 14.8% in the 1st quarter. Bank of America Corp DE now owns 304,520 shares of the company’s stock valued at $19,264,000 after purchasing an additional 39,246 shares during the last quarter. Squarepoint Ops LLC increased its stake in shares of Howard Hughes by 520.5% in the 2nd quarter. Squarepoint Ops LLC now owns 83,379 shares of the company’s stock valued at $5,961,000 after purchasing an additional 69,941 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Howard Hughes during the 2nd quarter worth $1,208,000. Finally, Flat Footed LLC acquired a new position in shares of Howard Hughes during the 2nd quarter worth $44,353,683. 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.