Howard Hughes (NYSE:HHH) Raised to “Hold” at Zacks Research

Howard Hughes (NYSE:HHH) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

HHH has been the topic of a number of other reports. Wall Street Zen raised Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings cut Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 6th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $85.00.

Howard Hughes Trading Up 0.7%

NYSE HHH opened at $67.24 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.97. The firm has a market cap of $4.01 billion, a PE ratio of 32.96 and a beta of 1.14. The company has a 50 day moving average price of $64.81 and a 200 day moving average price of $71.91. Howard Hughes has a 52 week low of $61.01 and a 52 week high of $91.07.

Howard Hughes (NYSE:HHH) last posted its earnings results on Thursday, May 7th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $235.92 million during the quarter. Howard Hughes had a net margin of 8.04% and a return on equity of 5.41%. The company’s revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. As a group, sell-side analysts forecast that Howard Hughes will post 3.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other Howard Hughes news, insider James Carman sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $64.20, for a total transaction of $96,300.00. Following the sale, the insider owned 22,096 shares of the company’s stock, valued at approximately $1,418,563.20. The trade was a 6.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 48.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC lifted its stake in shares of Howard Hughes by 41.5% during the fourth quarter. Signaturefd LLC now owns 423 shares of the company’s stock worth $34,000 after buying an additional 124 shares during the period. Huntington National Bank grew its holdings in shares of Howard Hughes by 134.1% during the fourth quarter. Huntington National Bank now owns 494 shares of the company’s stock valued at $39,000 after buying an additional 283 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Howard Hughes by 191.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after acquiring an additional 339 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Howard Hughes in the 4th quarter valued at $43,000. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Howard Hughes in the 4th quarter valued at $43,000. Hedge funds and other 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.