Howard Hughes (NYSE:HHH) Director Mary Ann Tighe Sells 13,495 Shares of Stock

Key Points

• Director Mary Ann Tighe sold 13,495 Howard Hughes shares at an average price of $67.25, generating approximately $907,539 in proceeds. The transaction was disclosed in an SEC filing.
• Howard Hughes reported quarterly EPS of $2.68, far exceeding the $0.49 consensus estimate, while revenue reached $1.12 billion—up 330.2% year over year.
• HHH shares recently traded at $67.75, below the analyst consensus price target of $79.00. Analyst sentiment remains cautious, with an overall “Reduce” rating and 93.83% of shares held by institutional investors.

Howard Hughes Holdings Inc. (NYSE:HHH - Get Free Report) Director Mary Ann Tighe sold 13,495 shares of the firm'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 transaction of $907,538.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Howard Hughes Price Performance

HHH traded up $1.02 during trading on Thursday, reaching $67.75. The stock had a trading volume of 424,061 shares, compared to its average volume of 443,992. The stock has a 50 day moving average of $68.52 and a two-hundred day moving average of $68.67. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 13.71 and a beta of 1.14. Howard Hughes Holdings Inc. has a 1-year low of $61.01 and a 1-year high of $91.07.

Howard Hughes (NYSE:HHH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $2.19. The company had revenue of $1.12 billion for the quarter. Howard Hughes had a return on equity of 9.91% and a net margin of 12.31%.The firm's revenue for the quarter was up 330.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.22) earnings per share. As a group, equities analysts anticipate that Howard Hughes Holdings Inc. will post 2.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Howard Hughes

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC boosted its position in Howard Hughes by 41.5% during the 4th quarter. Signaturefd LLC now owns 423 shares of the company's stock worth $34,000 after acquiring an additional 124 shares during the period. Allworth Financial LP acquired a new position in shares of Howard Hughes in the 2nd quarter valued at about $31,000. Huntington National Bank lifted its position in shares of Howard Hughes by 134.1% in the fourth quarter. Huntington National Bank now owns 494 shares of the company's stock worth $39,000 after purchasing an additional 283 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Howard Hughes by 191.5% during the second 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. Finally, Aster Capital Management DIFC Ltd purchased a new position in Howard Hughes during the fourth quarter valued at approximately $43,000. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HHH shares. Weiss Ratings upgraded shares of Howard Hughes from a "sell (d)" rating to a "hold (c-)" rating in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Howard Hughes from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. upped their price target on Howard Hughes from $76.00 to $79.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. Finally, Zacks Research lowered Howard Hughes from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Howard Hughes presently has an average rating of "Reduce" and an average price target of $79.00.

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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source