Mary Ann Tighe Sells 13,495 Shares of Howard Hughes (NYSE:HHH) 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 shares were sold at an average price of $67.25, for a total value of $907,538.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Howard Hughes Price Performance

Howard Hughes stock opened at $66.55 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $3.97 billion, a P/E ratio of 13.47 and a beta of 1.14. The business has a 50-day moving average of $68.60 and a 200-day moving average of $68.56. Howard Hughes Holdings Inc. has a 1 year low of $61.01 and a 1 year high of $91.07.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $2.19. Howard Hughes had a net margin of 12.31% and a return on equity of 10.19%. The business had revenue of $1.12 billion for the quarter. During the same quarter in the prior year, the business earned ($0.22) earnings per share. The business’s revenue was up 330.2% on a year-over-year basis. On average, equities analysts anticipate that Howard Hughes Holdings Inc. will post 2.77 EPS for the current year.

Analysts Set New Price Targets

HHH has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Howard Hughes from $76.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings upgraded 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 research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $79.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Howard Hughes in the 2nd quarter valued at $115,766,000. Donald Smith & CO. Inc. bought a new stake in Howard Hughes during the 2nd quarter worth about $71,691,000. Flat Footed LLC acquired a new position in shares of Howard Hughes during the 2nd quarter worth about $44,353,683,000. Norges Bank acquired a new position in shares of Howard Hughes during the 4th quarter worth about $31,957,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Howard Hughes by 8.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,822,522 shares of the company’s stock valued at $178,549,000 after acquiring an additional 208,617 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

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.