R Scot Sellers Buys 5,000 Shares of Howard Hughes (NYSE:HHH) Stock

Howard Hughes Holdings Inc. (NYSE:HHH) Director R Scot Sellers bought 5,000 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was acquired at an average cost of $77.94 per share, for a total transaction of $389,700.00. Following the purchase, the director owned 67,517 shares of the company’s stock, valued at $5,262,274.98. This trade represents a 8.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Howard Hughes Price Performance

Shares of HHH traded up $0.43 during mid-day trading on Monday, reaching $79.33. The company had a trading volume of 333,812 shares, compared to its average volume of 431,570. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $4.71 billion, a P/E ratio of 15.46 and a beta of 1.22. Howard Hughes Holdings Inc. has a twelve month low of $61.40 and a twelve month high of $91.07. The company’s 50-day moving average is $83.32 and its 200-day moving average is $77.53.

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

Institutional Investors Weigh In On Howard Hughes

Hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Howard Hughes in the 2nd quarter valued at $25,951,000. Russell Investments Group Ltd. increased its holdings in shares of 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 acquiring an additional 276,083 shares in the last quarter. Northern Right Capital Management L.P. bought a new stake in shares of Howard Hughes in the second quarter worth about $17,641,000. Crcm LP raised its position in shares of Howard Hughes by 82.5% during the third quarter. Crcm LP now owns 560,713 shares of the company’s stock worth $46,074,000 after purchasing an additional 253,490 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Howard Hughes by 2,368.8% during the 1st quarter. Millennium Management LLC now owns 165,926 shares of the company’s stock valued at $12,292,000 after purchasing an additional 159,205 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HHH has been the subject of a number of research analyst reports. Zacks Research cut Howard Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Howard Hughes in a report on Monday, December 22nd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Howard Hughes has an average rating of “Hold” and a consensus price target of $83.33.

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.