Howard Hughes (NYSE:HHH) Sees Large Volume Increase

Howard Hughes Holdings Inc. (NYSE:HHH) shares saw unusually-strong trading volume on Tuesday . Approximately 313,537 shares changed hands during mid-day trading, an increase of 52% from the previous session’s volume of 205,609 shares.The stock last traded at $71.20 and had previously closed at $70.97.

Wall Street Analyst Weigh In

Separately, TheStreet raised Howard Hughes from a “d+” rating to a “c-” rating in a research note on Friday, December 22nd.

Howard Hughes Trading Up 0.5 %

The stock has a market cap of $3.65 billion, a PE ratio of -6.52 and a beta of 1.49. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.60 and a current ratio of 1.60. The company’s 50-day moving average price is $76.70 and its 200 day moving average price is $75.81.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.44 by $0.25. The business had revenue of $335.84 million for the quarter, compared to analyst estimates of $318.32 million. Howard Hughes had a negative return on equity of 0.62% and a negative net margin of 53.88%. On average, sell-side analysts forecast that Howard Hughes Holdings Inc. will post 3.63 EPS for the current fiscal year.

Insider Buying and Selling at Howard Hughes

In other news, insider James Carman sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $85.31, for a total value of $59,717.00. Following the sale, the insider now directly owns 7,087 shares of the company’s stock, valued at approximately $604,591.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider James Carman sold 700 shares of Howard Hughes stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $85.31, for a total value of $59,717.00. Following the completion of the sale, the insider now directly owns 7,087 shares of the company’s stock, valued at $604,591.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas Johnstone sold 658 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $82.99, for a total value of $54,607.42. Following the transaction, the insider now directly owns 8,332 shares in the company, valued at approximately $691,472.68. The disclosure for this sale can be found here. Insiders have sold 4,134 shares of company stock valued at $325,334 over the last 90 days. 33.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC acquired a new stake in Howard Hughes in the 3rd quarter valued at about $5,154,000. Swiss National Bank purchased a new position in Howard Hughes in the third quarter worth approximately $5,708,000. American Century Companies Inc. purchased a new position in Howard Hughes in the third quarter worth approximately $22,160,000. Treasurer of the State of North Carolina acquired a new position in shares of Howard Hughes during the third quarter worth $1,096,000. Finally, Motley Fool Asset Management LLC purchased a new position in shares of Howard Hughes in the 3rd quarter valued at about $2,397,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

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.