The Howard Hughes Co. (NYSE:HHC) Insider Sells $49,931.25 in Stock


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The Howard Hughes Co. (NYSE:HHC) insider Douglas Johnstone sold 625 shares of the business’s stock in a transaction dated Friday, January 8th. The stock was sold at an average price of $79.89, for a total value of $49,931.25. Following the completion of the sale, the insider now directly owns 2,855 shares of the company’s stock, valued at approximately $228,085.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

The Howard Hughes stock opened at $81.20 on Thursday. The Howard Hughes Co. has a 52 week low of $35.10 and a 52 week high of $129.74. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market capitalization of $4.46 billion, a PE ratio of -80.40 and a beta of 1.60. The business’s 50-day simple moving average is $78.45 and its 200-day simple moving average is $63.96.

The Howard Hughes (NYSE:HHC) last issued its quarterly earnings results on Thursday, November 5th. The financial services provider reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $3.03. The Howard Hughes had a positive return on equity of 1.06% and a negative net margin of 2.68%. The firm had revenue of $154.40 million for the quarter, compared to analyst estimates of $167.95 million. During the same period in the previous year, the company posted $1.32 earnings per share. The company’s quarterly revenue was down 33.4% compared to the same quarter last year. Research analysts forecast that The Howard Hughes Co. will post -1.49 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV increased its stake in The Howard Hughes by 2.5% during the third quarter. Mercer Global Advisors Inc. ADV now owns 5,220 shares of the financial services provider’s stock valued at $301,000 after acquiring an additional 127 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of The Howard Hughes by 1.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 12,756 shares of the financial services provider’s stock worth $735,000 after acquiring an additional 183 shares in the last quarter. ArrowMark Colorado Holdings LLC boosted its holdings in shares of The Howard Hughes by 1.8% in the 2nd quarter. ArrowMark Colorado Holdings LLC now owns 11,150 shares of the financial services provider’s stock worth $579,000 after acquiring an additional 200 shares in the last quarter. Beech Hill Advisors Inc. boosted its holdings in shares of The Howard Hughes by 3.2% in the 3rd quarter. Beech Hill Advisors Inc. now owns 6,425 shares of the financial services provider’s stock worth $370,000 after acquiring an additional 200 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in The Howard Hughes by 3.6% during the 2nd quarter. Great West Life Assurance Co. Can now owns 6,384 shares of the financial services provider’s stock worth $330,000 after buying an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 88.47% of the company’s stock.

A number of brokerages have weighed in on HHC. BidaskClub cut The Howard Hughes from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 1st. TheStreet raised The Howard Hughes from a “d” rating to a “c-” rating in a research report on Friday, October 2nd. Piper Sandler boosted their price target on The Howard Hughes from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday. ValuEngine lowered The Howard Hughes from a “buy” rating to a “hold” rating in a research note on Tuesday, November 10th. Finally, Zacks Investment Research lowered The Howard Hughes from a “buy” rating to a “hold” rating in a research note on Tuesday, January 5th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The Howard Hughes has a consensus rating of “Buy” and an average price target of $84.50.

The Howard Hughes Company Profile

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through four segments: Operating Assets, Master Planned Communities (MPCs), Seaport District, and Strategic Developments. The Operating Assets segment owns 14 retail, 32 office, nine multi-family, and three hospitality properties, as well as 13 other operating assets and investments primarily located and around The Woodlands, Texas; Columbia, Maryland; New York, New York; Las Vegas, Nevada; and Honolulu, HawaiƂ’i.

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Insider Buying and Selling by Quarter for The Howard Hughes (NYSE:HHC)

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