Howard Hughes (NYSE:HHH) Insider James Carman Sells 1,500 Shares

Howard Hughes Holdings Inc. (NYSE:HHHGet Free Report) insider James Carman sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $64.20, for a total value of $96,300.00. Following the completion of the transaction, the insider owned 22,096 shares of the company’s stock, valued at approximately $1,418,563.20. The trade was a 6.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Howard Hughes Stock Down 0.5%

Howard Hughes stock opened at $63.50 on Tuesday. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 31.13 and a beta of 1.15. Howard Hughes Holdings Inc. has a 52 week low of $61.01 and a 52 week high of $91.07. The business’s 50-day moving average price is $64.03 and its 200 day moving average price is $75.41. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.97.

Howard Hughes (NYSE:HHHGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. The firm had revenue of $235.92 million for the quarter. Howard Hughes had a return on equity of 5.41% and a net margin of 8.04%.The firm’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the business earned $0.21 earnings per share. As a group, sell-side analysts anticipate that Howard Hughes Holdings Inc. will post 3.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Zacks Research lowered Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. Weiss Ratings lowered Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. Finally, Wall Street Zen raised Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $85.00.

Check Out Our Latest Stock Analysis on Howard Hughes

Hedge Funds Weigh In On Howard Hughes

A number of hedge funds have recently bought and sold shares of HHH. Norges Bank purchased a new position in shares of Howard Hughes in the fourth quarter valued at approximately $31,957,000. Russell Investments Group Ltd. boosted its stake in shares of Howard Hughes by 98.3% in the third quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company’s stock worth $45,757,000 after acquiring an additional 276,083 shares during the last quarter. Crcm LP boosted its stake in shares of Howard Hughes by 82.5% in the third quarter. Crcm LP now owns 560,713 shares of the company’s stock worth $46,074,000 after acquiring an additional 253,490 shares during the last quarter. Flat Footed LLC acquired a new stake in shares of Howard Hughes in the first quarter worth approximately $13,619,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Howard Hughes by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,822,522 shares of the company’s stock worth $178,549,000 after acquiring an additional 208,617 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Howard Hughes Company Profile

(Get Free Report)

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.

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