Howard Hughes Holdings Inc. (NYSE:HHH - Get Free Report) General Counsel Joseph Valane bought 1,260 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $64.45 per share, with a total value of $81,207.00. Following the completion of the purchase, the general counsel owned 29,209 shares in the company, valued at $1,882,520.05. This represents a 4.51% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Howard Hughes Stock Performance
Shares of HHH opened at $63.28 on Tuesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.19 and a current ratio of 1.19. Howard Hughes Holdings Inc. has a twelve month low of $61.40 and a twelve month high of $91.07. The firm's 50 day moving average price is $77.70 and its two-hundred day moving average price is $80.49. The firm has a market cap of $3.77 billion, a P/E ratio of 29.99 and a beta of 1.25.
Howard Hughes (NYSE:HHH - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $0.31 by $1.26. Howard Hughes had a net margin of 8.40% and a return on equity of 5.54%. The company had revenue of $624.45 million during the quarter. During the same quarter last year, the company earned $3.25 EPS. The firm's quarterly revenue was down 36.5% compared to the same quarter last year. On average, analysts forecast that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal year.
Hedge Funds Weigh In On Howard Hughes
Several hedge funds have recently made changes to their positions in HHH. Allworth Financial LP raised its holdings in shares of Howard Hughes by 134.2% in the second quarter. Allworth Financial LP now owns 363 shares of the company's stock valued at $25,000 after purchasing an additional 208 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in Howard Hughes by 291.0% in the second 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. Global Retirement Partners LLC bought a new position in Howard Hughes in the third quarter valued at $31,000. Signaturefd LLC increased its stake in Howard Hughes by 41.5% in the 4th quarter. Signaturefd LLC now owns 423 shares of the company's stock valued at $34,000 after buying an additional 124 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Howard Hughes by 191.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company's stock worth $35,000 after buying an additional 339 shares in the last quarter. 93.83% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Howard Hughes in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $83.33.
Check Out Our Latest Analysis on Howard Hughes
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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