James Carman Sells 1,500 Shares of Howard Hughes (NYSE:HHH) Stock

Howard Hughes Holdings Inc. (NYSE:HHH) insider James Carman sold 1,500 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $64.20, for a total transaction of $96,300.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at this hyperlink.

Howard Hughes Stock Down 2.2%

HHH stock opened at $62.11 on Wednesday. The firm has a market cap of $3.70 billion, a PE ratio of 30.45 and a beta of 1.15. Howard Hughes Holdings Inc. has a 1 year low of $61.01 and a 1 year high of $91.07. The company has a fifty day simple moving average of $63.89 and a 200 day simple moving average of $75.30. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.97.

Howard Hughes (NYSE:HHH) last announced its earnings results on Thursday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $235.92 million during the quarter. Howard Hughes had a return on equity of 5.41% and a net margin of 8.04%.The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 EPS. Sell-side analysts anticipate that Howard Hughes Holdings Inc. will post 3.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Howard Hughes

A number of large investors have recently modified their holdings of HHH. Dimensional Fund Advisors LP increased its holdings in shares of Howard Hughes by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,822,522 shares of the company’s stock valued at $178,549,000 after purchasing an additional 208,617 shares in the last quarter. American Century Companies Inc. raised its position in shares of Howard Hughes by 0.3% during the third quarter. American Century Companies Inc. now owns 747,495 shares of the company’s stock worth $61,422,000 after acquiring an additional 2,595 shares during the last quarter. Crcm LP boosted its holdings in Howard Hughes by 9.3% in the fourth quarter. Crcm LP now owns 612,839 shares of the company’s stock valued at $48,886,000 after acquiring an additional 52,126 shares during the last quarter. Russell Investments Group Ltd. increased its position in Howard Hughes by 98.3% in the third quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company’s stock worth $45,757,000 after purchasing an additional 276,083 shares during the period. Finally, Norges Bank bought a new stake in Howard Hughes during the 4th quarter worth about $31,957,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HHH shares. Zacks Research cut shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Weiss Ratings cut shares of Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. Finally, Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $85.00.

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.