Howard Hughes (NYSE:HHH) COO Andrew Davis Acquires 1,000 Shares of Stock

Howard Hughes Holdings Inc. (NYSE:HHH – Get Free Report) COO Andrew Davis bought 1,000 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The shares were purchased at an average price of $64.49 per share, with a total value of $64,490.00. Following the transaction, the chief operating officer owned 32,530 shares of the company’s stock, valued at $2,097,859.70. The trade was a 3.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Howard Hughes Trading Up 1.4%

Shares of HHH opened at $64.63 on Friday. The stock’s fifty day simple moving average is $65.26 and its 200-day simple moving average is $65.64. The firm has a market capitalization of $3.86 billion, a PE ratio of 13.08 and a beta of 1.14. Howard Hughes Holdings Inc. has a 12-month low of $60.09 and a 12-month high of $91.07. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 1.35.

Howard Hughes (NYSE:HHH – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.68 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 firm had revenue of $1.12 billion during the quarter. During the same quarter in the previous year, the business earned ($0.22) earnings per share. Howard Hughes’s revenue for the quarter was up 330.2% compared to the same quarter last year. As a group, research analysts predict that Howard Hughes Holdings Inc. will post 4.75 earnings per share for the current year.

Institutional Trading of Howard Hughes

A number of hedge funds have recently modified their holdings of the company. JCP Investment Management LLC increased its position in shares of Howard Hughes by 29.3% in the 1st quarter. JCP Investment Management LLC now owns 234,100 shares of the company’s stock valued at $14,809,000 after buying an additional 53,000 shares in the last quarter. Bank of America Corp DE lifted its holdings in Howard Hughes by 14.8% during the first quarter. Bank of America Corp DE now owns 304,520 shares of the company’s stock worth $19,264,000 after acquiring an additional 39,246 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in Howard Hughes by 520.5% during the second quarter. Squarepoint Ops LLC now owns 83,379 shares of the company’s stock worth $5,961,000 after acquiring an additional 69,941 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in Howard Hughes in the second quarter valued at about $1,208,000. Finally, Flat Footed LLC acquired a new position in Howard Hughes in the second quarter valued at about $44,353,683. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HHH has been the subject of a number of recent research reports. Weiss Ratings raised shares of Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised their price objective 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. Finally, Zacks Research raised shares of Howard Hughes from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $79.00.

Read Our Latest Stock Analysis on HHH

Howard Hughes Company Profile

(Get Free Report)

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.

Further Reading

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