JPMorgan Chase & Co. Lowers Howard Hughes (NYSE:HHH) Price Target to $84.00

Howard Hughes (NYSE:HHH) had its target price lowered by stock analysts at JPMorgan Chase & Co. from $90.00 to $84.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 41.44% from the company’s current price.

Separately, TheStreet upgraded shares of Howard Hughes from a “d+” rating to a “c-” rating in a research report on Friday, December 22nd.

Howard Hughes Trading Down 0.6 %

Howard Hughes stock opened at $59.39 on Tuesday. The company has a 50 day moving average price of $72.63 and a 200 day moving average price of $74.93. Howard Hughes has a 52 week low of $59.15 and a 52 week high of $86.72. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of -5.34 and a beta of 1.48.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.25. Howard Hughes had a negative net margin of 53.88% and a negative return on equity of 0.62%. The firm had revenue of $335.84 million during the quarter, compared to analyst estimates of $318.32 million. Research analysts forecast that Howard Hughes will post 3.63 EPS for the current year.

Insiders Place Their Bets

In other Howard Hughes news, insider Heath Melton sold 1,926 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $72.95, for a total value of $140,501.70. Following the completion of the sale, the insider now owns 9,274 shares in the company, valued at approximately $676,538.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 33.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HHH. Norman Fields Gottscho Capital Management LLC bought a new position in shares of Howard Hughes during the 3rd quarter valued at $924,000. SeaCrest Wealth Management LLC bought a new position in shares of Howard Hughes during the 3rd quarter valued at $645,000. Menlo Advisors LLC bought a new position in shares of Howard Hughes during the 3rd quarter valued at $1,180,000. SG Americas Securities LLC bought a new position in shares of Howard Hughes during the 3rd quarter valued at $2,221,000. Finally, Ziegler Capital Management LLC acquired a new position in Howard Hughes in the 3rd quarter valued at $512,000. Institutional investors own 93.83% of the company’s stock.

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.