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

Howard Hughes Holdings Inc. (NYSE:HHH) insider James Carman sold 1,500 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $64.20, for a total value of $96,300.00. Following the completion of the sale, the insider directly owned 22,096 shares of the company’s stock, valued at $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 accessible through this link.

Howard Hughes Stock Down 0.5%

NYSE:HHH traded down $0.29 during mid-day trading on Monday, hitting $63.50. 463,685 shares of the company’s stock traded hands, compared to its average volume of 457,997. The company has a fifty day moving average of $64.18 and a 200 day moving average of $75.53. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.58 and a current ratio of 1.58. Howard Hughes Holdings Inc. has a twelve month low of $61.01 and a twelve month high of $91.07. The company has a market capitalization of $3.79 billion, a P/E ratio of 31.13 and a beta of 1.15.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Howard Hughes had a return on equity of 5.41% and a net margin of 8.04%.The business had revenue of $235.92 million for the quarter. During the same quarter in the previous year, the firm posted $0.21 EPS. Howard Hughes’s revenue was up 18.4% on a year-over-year basis. On average, analysts forecast that Howard Hughes Holdings Inc. will post 3.01 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its holdings in Howard Hughes by 41.5% in the fourth quarter. Signaturefd LLC now owns 423 shares of the company’s stock valued at $34,000 after acquiring an additional 124 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Howard Hughes by 191.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock worth $35,000 after purchasing an additional 339 shares during the period. Huntington National Bank increased its holdings in shares of Howard Hughes by 134.1% during the 4th quarter. Huntington National Bank now owns 494 shares of the company’s stock valued at $39,000 after purchasing an additional 283 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Howard Hughes during the 4th quarter valued at approximately $43,000. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Howard Hughes in the 4th quarter valued at $43,000. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HHH has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded shares of Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. Finally, Zacks Research lowered shares of Howard Hughes from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Howard Hughes has a consensus rating of “Reduce” and a consensus 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.