Anthony Williams Sells 1,100 Shares of Howard Hughes (NYSE:HHH) Stock

Howard Hughes Holdings Inc. (NYSE:HHH) Director Anthony Williams sold 1,100 shares of the stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $79.58, for a total value of $87,538.00. Following the transaction, the director owned 8,102 shares of the company’s stock, valued at approximately $644,757.16. This trade represents a 11.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Howard Hughes Price Performance

HHH stock opened at $82.66 on Thursday. The stock has a 50-day moving average price of $77.23 and a two-hundred day moving average price of $71.81. The stock has a market cap of $4.91 billion, a PE ratio of 18.09 and a beta of 1.23. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.85. Howard Hughes Holdings Inc. has a 1 year low of $61.40 and a 1 year high of $87.77.

Hedge Funds Weigh In On Howard Hughes

Several hedge funds have recently modified their holdings of HHH. Allworth Financial LP grew its holdings in shares of Howard Hughes by 134.2% in the 2nd quarter. Allworth Financial LP now owns 363 shares of the company’s stock valued at $25,000 after acquiring an additional 208 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in Howard Hughes by 291.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 391 shares of the company’s stock valued at $27,000 after purchasing an additional 291 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Howard Hughes by 910.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 394 shares of the company’s stock valued at $29,000 after purchasing an additional 355 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in 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 purchasing an additional 339 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in Howard Hughes in the 1st quarter valued at about $37,000. Institutional investors own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their target price on Howard Hughes from $76.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Wall Street Zen cut Howard Hughes from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Howard Hughes in a report on Wednesday. Finally, Zacks Research upgraded Howard Hughes from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.33.

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.