Howard Hughes (NYSE:HHH) Cut to Sell at Wall Street Zen
by Jessica Moore · The Cerbat GemWall Street Zen downgraded shares of Howard Hughes (NYSE:HHH – Free Report) from a hold rating to a sell rating in a research report released on Saturday.
Separately, Weiss Ratings downgraded Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Howard Hughes has an average rating of “Hold” and a consensus target price of $83.33.
Howard Hughes Price Performance
Shares of HHH opened at $63.91 on Friday. The company has a market cap of $3.81 billion, a P/E ratio of 30.29 and a beta of 1.28. The stock has a fifty day moving average price of $66.88 and a 200 day moving average price of $76.94. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.19 and a quick ratio of 1.19. Howard Hughes has a 12 month low of $61.01 and a 12 month high of $91.07.
Howard Hughes (NYSE:HHH – Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). The company had revenue of $624.45 million for the quarter. Howard Hughes had a return on equity of 5.54% and a net margin of 8.40%.Howard Hughes’s revenue was down 36.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.25 EPS. On average, research analysts forecast that Howard Hughes will post 3.01 earnings per share for the current year.
Insider Activity
In other Howard Hughes news, General Counsel Joseph Valane purchased 1,260 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $64.45 per share, with a total value of $81,207.00. Following the completion of the purchase, the general counsel owned 29,209 shares in the company, valued at $1,882,520.05. This trade represents a 4.51% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 48.00% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC boosted its position in shares of Howard Hughes by 41.5% in the 4th quarter. Signaturefd LLC now owns 423 shares of the company’s stock valued at $34,000 after purchasing an additional 124 shares during the period. Arizona State Retirement System boosted its position in shares of Howard Hughes by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 9,666 shares of the company’s stock valued at $794,000 after purchasing an additional 130 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Howard Hughes by 0.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 27,193 shares of the company’s stock valued at $2,169,000 after purchasing an additional 147 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Howard Hughes by 28.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 665 shares of the company’s stock valued at $55,000 after purchasing an additional 149 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Howard Hughes by 37.2% in the 4th quarter. Fifth Third Bancorp now owns 572 shares of the company’s stock valued at $46,000 after purchasing an additional 155 shares during the period. Institutional investors 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.