Howard Hughes (NYSE:HHH) Stock Rating Upgraded by Zacks Research

Howard Hughes (NYSE:HHH) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

A number of other research analysts have also issued reports on HHH. Weiss Ratings upgraded shares of Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. boosted their target price on shares of Howard Hughes from $76.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $79.00.

Howard Hughes Trading Up 2.8%

NYSE HHH opened at $62.66 on Monday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 1.35. Howard Hughes has a twelve month low of $60.25 and a twelve month high of $91.07. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 12.68 and a beta of 1.14. The business’s fifty day moving average is $66.47 and its 200 day moving average is $66.04.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $2.19. Howard Hughes had a return on equity of 7.51% and a net margin of 12.31%.The business had revenue of $1.12 billion for the quarter. During the same quarter in the prior year, the firm earned ($0.22) EPS. The company’s revenue was up 330.2% on a year-over-year basis. As a group, sell-side analysts expect that Howard Hughes will post 2.77 EPS for the current fiscal year.

Insider Transactions at Howard Hughes

In other news, Director Mary Tighe sold 13,495 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $67.25, for a total value of $907,538.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 47.70% of the company’s stock.

Institutional Investors Weigh In On Howard Hughes

Several large investors have recently modified their holdings of the company. Allworth Financial LP bought a new stake in Howard Hughes in the second quarter valued at $31,000. Huntington National Bank raised its holdings in shares of Howard Hughes by 134.1% during the fourth quarter. Huntington National Bank now owns 494 shares of the company’s stock valued at $39,000 after purchasing an additional 283 shares during the period. Versant Capital Management Inc boosted its position in shares of Howard Hughes by 688.4% during the 2nd quarter. Versant Capital Management Inc now owns 883 shares of the company’s stock worth $63,000 after purchasing an additional 771 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Howard Hughes by 245.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,288 shares of the company’s stock worth $103,000 after purchasing an additional 915 shares in the last quarter. Finally, Nykredit A S acquired a new stake in shares of Howard Hughes in the 2nd quarter valued at about $110,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

About Howard Hughes

Howard Hughes Holdings Inc is a real estate development and management company that creates and operates large-scale master planned communities, mixed-use properties and strategic real estate developments. Its activities include land development, homebuilder lot sales, commercial and multifamily development, retail operations and the management of community amenities and infrastructure.

The company’s master planned communities include Summerlin in the Las Vegas area, The Woodlands and Bridgeland in the Houston area, The Woodlands Hills in Texas, Teravalis in the Phoenix area and Ward Village in Honolulu.