Stock Traders Buy High Volume of Call Options on Howard Hughes (NYSE:HHH)

by · The Cerbat Gem

Howard Hughes Holdings Inc. (NYSE:HHH – Get Free Report) saw unusually large options trading on Tuesday. Stock investors acquired 2,940 call options on the stock. This is an increase of 406% compared to the average volume of 581 call options.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HHH. Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “hold (c)” rating on shares of Howard Hughes in a research report on Monday, December 29th. Finally, Zacks Research cut shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $83.33.

Read Our Latest Research Report on HHH

Insider Buying and Selling

In other news, Director R Scot Sellers bought 5,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The stock was purchased at an average price of $77.94 per share, with a total value of $389,700.00. Following the transaction, the director directly owned 67,517 shares in the company, valued at approximately $5,262,274.98. The trade was a 8.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mary Ann Tighe sold 6,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $88.83, for a total transaction of $532,980.00. Following the completion of the sale, the director owned 13,495 shares in the company, valued at approximately $1,198,760.85. The trade was a 30.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 48.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Howard Hughes

A number of institutional investors and hedge funds have recently bought and sold shares of HHH. Allworth Financial LP grew its holdings in shares of Howard Hughes by 134.2% during the second quarter. Allworth Financial LP now owns 363 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares during the last quarter. Global Retirement Partners LLC bought a new stake in Howard Hughes during the third quarter valued at $31,000. TD Waterhouse Canada Inc. boosted its position in shares of Howard Hughes by 291.0% during 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 in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Howard Hughes by 191.5% in the second quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after buying an additional 339 shares during the period. Finally, CWM LLC boosted its holdings in shares of Howard Hughes by 69.6% during the 3rd quarter. CWM LLC now owns 665 shares of the company’s stock worth $55,000 after buying an additional 273 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Stock Performance

Shares of HHH stock traded down $1.22 during midday trading on Tuesday, hitting $81.37. 152,936 shares of the company were exchanged, compared to its average volume of 335,348. The firm’s 50 day moving average price is $83.39 and its two-hundred day moving average price is $78.45. The firm has a market capitalization of $4.83 billion, a P/E ratio of 15.86 and a beta of 1.22. Howard Hughes has a 52 week low of $61.40 and a 52 week high of $91.07. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.18 and a current ratio of 1.18.

Howard Hughes (NYSE:HHH – Get Free Report) last released its quarterly earnings results 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. The company had revenue of $390.24 million during the quarter, compared to the consensus estimate of $331.52 million. Howard Hughes had a net margin of 14.95% and a return on equity of 11.06%. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.95 earnings per share. As a group, equities research analysts anticipate that Howard Hughes will post 3.7 earnings per share for the current year.

About Howard Hughes

(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. 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.

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