Howard Hughes (NYSE:HHH) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Howard Hughes (NYSE:HHH) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Several other equities research analysts have also recently commented on HHH. Wall Street Zen upgraded Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. raised their price target on shares of Howard Hughes from $76.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Howard Hughes in a report on Friday, July 17th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Howard Hughes has a consensus rating of “Sell” and a consensus target price of $79.00.

Howard Hughes Stock Performance

HHH opened at $66.32 on Tuesday. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 32.51 and a beta of 1.12. The business’s 50-day moving average price is $67.78 and its two-hundred day moving average price is $70.34. Howard Hughes has a 1 year low of $61.01 and a 1 year high of $91.07. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.58 and a quick ratio of 1.58.

Howard Hughes (NYSE:HHH) last posted 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 company had revenue of $235.92 million during the quarter. Howard Hughes had a return on equity of 5.41% and a net margin of 8.04%.The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 earnings per share. Equities analysts expect that Howard Hughes will post 2.77 EPS for the current fiscal year.

Insider Buying and Selling at Howard Hughes

In related news, insider James Carman sold 1,500 shares of Howard Hughes 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 48.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Signaturefd LLC increased its position in shares of Howard Hughes by 41.5% during the 4th quarter. Signaturefd LLC now owns 423 shares of the company’s stock worth $34,000 after purchasing an additional 124 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Howard Hughes by 191.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after buying an additional 339 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Howard Hughes by 134.1% in the 4th quarter. Huntington National Bank now owns 494 shares of the company’s stock valued at $39,000 after buying an additional 283 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Howard Hughes in the fourth quarter valued at $43,000. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Howard Hughes in the fourth quarter valued at $43,000. 93.83% of the stock is owned by institutional investors and hedge funds.

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. 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.