Anthony Williams Sells 1,100 Shares of Howard Hughes (NYSE:HHH) Stock

Key Points

• Anthony Williams, a director at Howard Hughes Holdings Inc. (NYSE: HHH), sold 1,100 shares of the company's stock for a total of approximately $87,538, reducing his ownership by nearly 12%.
• Following the sale, Howard Hughes stock traded down 2.3%, currently priced around $83.17, with a market cap of $4.94 billion and a P/E ratio of 18.20.
• Recent analyst ratings show a mix of opinions, with one upgrade to a "strong-buy" designation, while average price targets range from $76 to $85.

Howard Hughes Holdings Inc. (NYSE:HHH - Get Free Report) Director Anthony Williams sold 1,100 shares of Howard Hughes stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $79.58, for a total transaction of $87,538.00. Following the sale, the director directly owned 8,102 shares in the company, valued at $644,757.16. This trade represents a 11.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Howard Hughes Trading Down 2.3%

HHH stock traded down $1.92 during midday trading on Tuesday, hitting $83.17. The stock had a trading volume of 368,103 shares, compared to its average volume of 449,773. The firm has a market cap of $4.94 billion, a P/E ratio of 18.20 and a beta of 1.23. The business has a fifty day moving average price of $76.73 and a two-hundred day moving average price of $71.66. 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 Holdings Inc. has a 1-year low of $61.40 and a 1-year high of $87.77.

Hedge Funds Weigh In On Howard Hughes

Hedge funds have recently made changes to their positions in the business. Allworth Financial LP grew its stake in shares of Howard Hughes by 134.2% during the second quarter. Allworth Financial LP now owns 363 shares of the company's stock valued at $25,000 after acquiring an additional 208 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Howard Hughes by 291.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 391 shares of the company's stock worth $27,000 after buying an additional 291 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Howard Hughes by 910.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 394 shares of the company's stock valued at $29,000 after acquiring an additional 355 shares in the last quarter. National Bank of Canada FI bought a new position in Howard Hughes during the first quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC grew its holdings in 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 acquiring an additional 339 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Zacks Research upgraded Howard Hughes from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 22nd. Wall Street Zen lowered Howard Hughes from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Howard Hughes in a research note on Saturday, September 27th. Finally, JPMorgan Chase & Co. increased their price target on shares of Howard Hughes from $76.00 to $85.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.

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