Howard Hughes (NYSE:HHH) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Howard Hughes (NYSE:HHH) from a sell rating to a hold rating in a research report released on Saturday.

Other analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. Zacks Research downgraded shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $85.00.

Howard Hughes Stock Up 3.7%

Howard Hughes stock opened at $65.86 on Friday. The company’s 50 day simple moving average is $65.11 and its 200 day simple moving average is $76.24. Howard Hughes has a fifty-two week low of $61.01 and a fifty-two week high of $91.07. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 32.29 and a beta of 1.15. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.19 and a quick ratio of 1.19.

Howard Hughes (NYSE:HHH) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. The business had revenue of $235.92 million for the quarter. Howard Hughes had a net margin of 8.04% and a return on equity of 5.43%. The firm’s revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS. As a group, sell-side analysts anticipate that Howard Hughes will post 3.01 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Joseph Valane bought 1,260 shares of the company’s stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $64.45 per share, for a total transaction of $81,207.00. Following the acquisition, the general counsel owned 29,209 shares of the company’s stock, valued at approximately $1,882,520.05. This represents a 4.51% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 48.00% of the company’s stock.

Institutional Trading of Howard Hughes

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its holdings 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 valued at $178,549,000 after purchasing an additional 208,617 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Howard Hughes by 0.3% in the third quarter. American Century Companies Inc. now owns 747,495 shares of the company’s stock valued at $61,422,000 after purchasing an additional 2,595 shares during the last quarter. Crcm LP raised its holdings in shares of Howard Hughes by 9.3% in the fourth quarter. Crcm LP now owns 612,839 shares of the company’s stock valued at $48,886,000 after purchasing an additional 52,126 shares during the last quarter. Russell Investments Group Ltd. raised its holdings 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 valued at $45,757,000 after purchasing an additional 276,083 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Howard Hughes in the fourth quarter valued at approximately $31,957,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Company Profile

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.