Howard Hughes Holdings Inc. (NYSE:HHH - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $67.47, but opened at $71.22. Howard Hughes shares last traded at $70.34, with a volume of 726,237 shares changing hands.
Wall Street Analyst Weigh In
HHH has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of Howard Hughes from $84.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday, April 29th. BMO Capital Markets dropped their price objective on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating for the company in a report on Wednesday.
Get Our Latest Stock Report on HHH
Howard Hughes Price Performance
The stock has a fifty day moving average of $70.17 and a 200-day moving average of $75.56. The firm has a market capitalization of $3.61 billion, a P/E ratio of 47.40 and a beta of 1.21. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98.
Howard Hughes (NYSE:HHH - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The company had revenue of $199.33 million for the quarter, compared to analyst estimates of $187.43 million. Howard Hughes's revenue was up 27.3% compared to the same quarter last year. Equities analysts predict that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal year.
Hedge Funds Weigh In On Howard Hughes
Several hedge funds have recently added to or reduced their stakes in HHH. Wilmington Savings Fund Society FSB bought a new position in shares of Howard Hughes in the 3rd quarter valued at about $46,000. Sugar Maple Asset Management LLC bought a new stake in shares of Howard Hughes during the 4th quarter valued at $47,000. Atomi Financial Group Inc. acquired a new position in shares of Howard Hughes in the 4th quarter valued at $224,000. Janney Montgomery Scott LLC boosted its position in shares of Howard Hughes by 6.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,963 shares of the company's stock worth $305,000 after purchasing an additional 250 shares during the last quarter. Finally, Brighton Jones LLC acquired a new stake in shares of Howard Hughes during the fourth quarter worth $511,000. Institutional investors own 93.83% of the company's stock.
About Howard Hughes
(
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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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