Insider Selling: Howard Hughes Corp (NYSE:HHC) EVP Sells $63,035.00 in Stock
Howard Hughes Corp (NYSE:HHC) EVP Sarah M. Vasquez sold 500 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $126.07, for a total transaction of $63,035.00. Following the sale, the executive vice president now owns 6,661 shares of the company’s stock, valued at $839,752.27. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
NYSE:HHC opened at $120.08 on Friday. The firm has a market cap of $5.27 billion, a P/E ratio of 90.97 and a beta of 1.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.81 and a current ratio of 1.81. Howard Hughes Corp has a fifty-two week low of $91.82 and a fifty-two week high of $135.42. The firm has a 50-day simple moving average of $118.23 and a two-hundred day simple moving average of $122.47.
Howard Hughes (NYSE:HHC) last announced its quarterly earnings results on Monday, November 4th. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.58. Howard Hughes had a net margin of 7.58% and a return on equity of 3.38%. The firm had revenue of $231.17 million during the quarter, compared to analyst estimates of $234.78 million. During the same period in the previous year, the business posted $0.54 earnings per share. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. On average, equities research analysts predict that Howard Hughes Corp will post 0.92 EPS for the current year.
Separately, Zacks Investment Research lowered shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 4th.
Howard Hughes Company Profile
The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through three segments: Operating Assets, Master Planned Communities, and Strategic Developments. The Operating Assets segment owns 15 retail, 28 office, 8 multi-family, and 4 hospitality properties, as well as 10 other operating assets and investments primarily located and around The Woodlands, Texas; Columbia, Maryland; New York, New York; Las Vegas, Nevada; and Honolulu, Hawai’i.
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