Howard Hughes (NYSE:HHH) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Howard Hughes (NYSE:HHH) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

A number of other research firms have also issued reports on HHH. Zacks Research lowered shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. raised their price target on Howard Hughes from $76.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Howard Hughes in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Howard Hughes presently has an average rating of “Hold” and an average target price of $83.33.

Howard Hughes Price Performance

NYSE HHH opened at $85.92 on Friday. Howard Hughes has a fifty-two week low of $61.40 and a fifty-two week high of $90.27. The stock’s 50-day moving average is $81.56 and its two-hundred day moving average is $74.24. The firm has a market cap of $5.10 billion, a P/E ratio of 18.80 and a beta of 1.26. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.18 and a quick ratio of 1.18.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings data on Monday, November 10th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. Howard Hughes had a return on equity of 10.51% and a net margin of 12.85%.The business had revenue of $390.24 million for the quarter, compared to the consensus estimate of $331.52 million. During the same period last year, the business earned $1.95 EPS. The firm’s revenue was up 19.3% compared to the same quarter last year. On average, analysts anticipate that Howard Hughes will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Howard Hughes news, Director Anthony Williams sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $79.58, for a total value of $87,538.00. Following the completion of the sale, the director owned 8,102 shares in the company, valued at approximately $644,757.16. This trade represents a 11.95% decrease in their position. The sale 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 currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HHH. Allworth Financial LP raised its stake 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 buying an additional 208 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Howard Hughes in the third quarter valued at about $31,000. TD Waterhouse Canada Inc. increased its stake in Howard Hughes by 291.0% in the second quarter. TD Waterhouse Canada Inc. now owns 391 shares of the company’s stock valued at $27,000 after acquiring an additional 291 shares during the period. Caitong International Asset Management Co. Ltd raised its position in Howard Hughes by 910.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 394 shares of the company’s stock worth $29,000 after purchasing an additional 355 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in Howard Hughes during the first quarter worth about $37,000. 93.83% of the stock is currently 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.