Howard Hughes Holdings Inc. (NYSE:HHH) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Howard Hughes Holdings Inc. (NYSE:HHH) have received an average recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $83.3333.

A number of research analysts have recently weighed in on the company. Wall Street Zen raised Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Howard Hughes in a report on Monday, December 29th. Finally, Zacks Research lowered shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th.

Howard Hughes Trading Up 0.2%

NYSE:HHH opened at $82.51 on Friday. The company has a market capitalization of $4.90 billion, a P/E ratio of 16.08 and a beta of 1.22. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.80. Howard Hughes has a 12 month low of $61.40 and a 12 month high of $91.07. The firm has a fifty day simple moving average of $83.31 and a 200-day simple moving average of $78.25.

Howard Hughes (NYSE:HHH) last issued its earnings results on Monday, November 10th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. Howard Hughes had a return on equity of 11.06% and a net margin of 14.95%.The company had revenue of $390.24 million during the quarter, compared to analyst estimates of $331.52 million. During the same quarter last year, the business posted $1.95 EPS. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. On average, equities research analysts anticipate that Howard Hughes will post 3.7 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director R Scot Sellers purchased 5,000 shares of Howard Hughes stock in a transaction that occurred on Tuesday, December 23rd. The stock was bought at an average cost of $77.94 per share, for a total transaction of $389,700.00. Following the completion of the transaction, the director owned 67,517 shares in the company, valued at $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 this link. Also, Director Mary Ann Tighe sold 6,000 shares of Howard Hughes stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $88.83, for a total transaction of $532,980.00. Following the completion of the transaction, the director directly owned 13,495 shares of the company’s stock, valued at $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. Insiders own 48.00% of the company’s stock.

Hedge Funds Weigh In On Howard Hughes

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Howard Hughes during the second quarter worth about $25,951,000. Russell Investments Group Ltd. grew its stake in shares of Howard Hughes by 98.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company’s stock valued at $45,757,000 after buying an additional 276,083 shares during the period. Northern Right Capital Management L.P. acquired a new stake in shares of Howard Hughes during the 2nd quarter worth approximately $17,641,000. Crcm LP raised its position in shares of Howard Hughes by 82.5% during the 3rd quarter. Crcm LP now owns 560,713 shares of the company’s stock valued at $46,074,000 after buying an additional 253,490 shares during the period. Finally, Millennium Management LLC lifted its holdings in Howard Hughes by 2,368.8% in the first quarter. Millennium Management LLC now owns 165,926 shares of the company’s stock valued at $12,292,000 after acquiring an additional 159,205 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

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. 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.