Howard Hughes (NYSE:HHH) Shares Gap Up – Time to Buy?

by · The Cerbat Gem

Howard Hughes Holdings Inc. (NYSE:HHH – Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $67.47, but opened at $71.22. Howard Hughes shares last traded at $70.34, with a volume of 726,237 shares traded.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price objective on shares of Howard Hughes from $84.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, April 29th.

Read Our Latest Stock Analysis on HHH

Howard Hughes Stock Performance

The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 46.34 and a beta of 1.21. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a 50 day moving average price of $70.90 and a 200-day moving average price of $75.81.

Howard Hughes (NYSE:HHH – Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.40. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The company had revenue of $983.59 million for the quarter, compared to analyst estimates of $949.18 million. As a group, sell-side analysts expect that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in shares of Howard Hughes by 2,290.9% in the 1st quarter. Larson Financial Group LLC now owns 526 shares of the company’s stock valued at $39,000 after purchasing an additional 504 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Howard Hughes in the fourth quarter valued at $40,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Howard Hughes during the 3rd quarter worth about $46,000. Sugar Maple Asset Management LLC purchased a new position in shares of Howard Hughes in the 4th quarter valued at about $47,000. Finally, SBI Securities Co. Ltd. raised its position in shares of Howard Hughes by 14,500.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 876 shares of the company’s stock worth $65,000 after acquiring an additional 870 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Howard Hughes Company Profile

(Get Free Report)

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.

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