Howard Hughes Holdings Inc. (NYSE:HHH) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Howard Hughes Holdings Inc. (NYSE:HHH) have been assigned an average rating of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $83.3333.

A number of analysts have issued reports on the company. Zacks Research raised Howard Hughes from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Wall Street Zen downgraded Howard Hughes from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. lifted their price objective on Howard Hughes from $76.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Howard Hughes in a research note on Wednesday, October 8th.

Howard Hughes Stock Up 0.6%

NYSE HHH opened at $82.16 on Tuesday. The stock’s 50 day moving average is $79.71 and its 200 day moving average is $72.70. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.85. Howard Hughes has a 12 month low of $61.40 and a 12 month high of $87.77. The stock has a market cap of $4.88 billion, a PE ratio of 17.98 and a beta of 1.23.

Insider Transactions at Howard Hughes

In other Howard Hughes news, Director Anthony Williams sold 1,100 shares of Howard Hughes stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $79.58, for a total value of $87,538.00. Following the sale, the director owned 8,102 shares of the company’s stock, valued at $644,757.16. The trade was a 11.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 48.00% of the stock is currently owned by insiders.

Institutional Trading of Howard Hughes

A number of large investors have recently added to or reduced their stakes in the company. Quent Capital LLC bought a new position in shares of Howard Hughes during the 3rd quarter valued at approximately $143,000. State of Alaska Department of Revenue bought a new position in shares of Howard Hughes during the 3rd quarter valued at approximately $222,000. SG Americas Securities LLC increased its position in shares of Howard Hughes by 1,183.2% during the 3rd quarter. SG Americas Securities LLC now owns 25,716 shares of the company’s stock valued at $2,113,000 after purchasing an additional 23,712 shares during the last quarter. SeaBridge Investment Advisors LLC increased its position in shares of Howard Hughes by 20.0% during the 3rd quarter. SeaBridge Investment Advisors LLC now owns 3,601 shares of the company’s stock valued at $296,000 after purchasing an additional 600 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of Howard Hughes during the 3rd quarter valued at approximately $31,000. 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.