Howard Hughes (NYSE:HHH) Sets New 12-Month Low at $65.33

Howard Hughes Holdings Inc. (NYSE:HHHGet Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as $65.33 and last traded at $65.36, with a volume of 340627 shares. The stock had previously closed at $68.55.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded shares of Howard Hughes from a “d+” rating to a “c-” rating in a report on Friday, December 22nd.

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Howard Hughes Stock Up 1.8 %

The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.73. The firm’s fifty day simple moving average is $73.95 and its 200 day simple moving average is $75.27.

Howard Hughes (NYSE:HHHGet Free Report) last issued its earnings results on Tuesday, February 27th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.25. The business had revenue of $335.84 million during the quarter, compared to analysts’ expectations of $318.32 million. Howard Hughes had a negative net margin of 53.88% and a negative return on equity of 0.62%. As a group, research analysts expect that Howard Hughes Holdings Inc. will post 3.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Howard Hughes news, insider Heath Melton sold 1,926 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $72.95, for a total transaction of $140,501.70. Following the completion of the transaction, the insider now owns 9,274 shares in the company, valued at approximately $676,538.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 33.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Howard Hughes

A number of large investors have recently made changes to their positions in HHH. KBC Group NV purchased a new position in shares of Howard Hughes in the 4th quarter valued at about $38,000. International Assets Investment Management LLC purchased a new position in shares of Howard Hughes in the 4th quarter valued at about $44,000. Baker Avenue Asset Management LP purchased a new position in shares of Howard Hughes in the 3rd quarter valued at about $45,000. Citigroup Inc. purchased a new position in shares of Howard Hughes in the 3rd quarter valued at about $48,000. Finally, Baystate Wealth Management LLC purchased a new position in shares of Howard Hughes in the 4th quarter valued at about $68,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.

About Howard Hughes

(Get Free Report)

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.

Further Reading

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