Howard Hughes (NYSE:HHH) Director Mary Ann Tighe Sells 13,495 Shares of Stock

Howard Hughes Holdings Inc. (NYSE:HHH) Director Mary Ann Tighe sold 13,495 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $67.25, for a total value of $907,538.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Howard Hughes Stock Performance

Howard Hughes stock opened at $67.75 on Friday. The stock’s 50-day moving average is $68.57 and its 200-day moving average is $68.58. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 13.71 and a beta of 1.14. 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 Holdings Inc. has a 12 month low of $61.01 and a 12 month high of $91.07.

Howard Hughes (NYSE:HHH) last issued its earnings results on Wednesday, August 5th. The company reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $2.19. The business had revenue of $1.12 billion during the quarter. Howard Hughes had a return on equity of 9.91% and a net margin of 12.31%.The firm’s revenue for the quarter was up 330.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.22) EPS. Equities analysts anticipate that Howard Hughes Holdings Inc. will post 2.77 earnings per share for the current year.

Hedge Funds Weigh In On Howard Hughes

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC acquired a new stake in shares of Howard Hughes during the fourth quarter valued at about $511,000. JCP Investment Management LLC lifted its stake in shares of Howard Hughes by 29.3% in the first quarter. JCP Investment Management LLC now owns 234,100 shares of the company’s stock worth $14,809,000 after acquiring an additional 53,000 shares in the last quarter. Annex Advisory Services LLC boosted its holdings in Howard Hughes by 1,117.5% in the fourth quarter. Annex Advisory Services LLC now owns 181,388 shares of the company’s stock valued at $14,469,000 after purchasing an additional 166,489 shares during the last quarter. M&T Bank Corp purchased a new position in Howard Hughes in the fourth quarter valued at about $4,208,000. Finally, Walleye Partners LLC acquired a new stake in Howard Hughes during the 4th quarter valued at approximately $4,549,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on HHH. JPMorgan Chase & Co. boosted their price objective 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. Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. Finally, Zacks Research downgraded Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $79.00.

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.