The Howard Hughes Co. (NYSE:HHC) Insider Sells $15,012.48 in Stock


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The Howard Hughes Co. (NYSE:HHC) insider James Carman sold 192 shares of the business’s stock in a transaction on Tuesday, January 5th. The stock was sold at an average price of $78.19, for a total transaction of $15,012.48. Following the sale, the insider now owns 2,303 shares in the company, valued at $180,071.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

NYSE:HHC opened at $81.20 on Thursday. The company has a market capitalization of $4.46 billion, a PE ratio of -80.40 and a beta of 1.60. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The Howard Hughes Co. has a 52-week low of $35.10 and a 52-week high of $129.74. The stock has a fifty day simple moving average of $78.45 and a 200-day simple moving average of $63.96.

The Howard Hughes (NYSE:HHC) last released its quarterly earnings results on Thursday, November 5th. The financial services provider reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.52) by $3.03. The Howard Hughes had a positive return on equity of 1.06% and a negative net margin of 2.68%. The business had revenue of $154.40 million during the quarter, compared to the consensus estimate of $167.95 million. During the same quarter in the previous year, the company posted $1.32 EPS. The business’s revenue was down 33.4% on a year-over-year basis. As a group, equities analysts anticipate that The Howard Hughes Co. will post -1.49 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV raised its stake in The Howard Hughes by 2.5% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 5,220 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 127 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in The Howard Hughes by 1.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 12,756 shares of the financial services provider’s stock valued at $735,000 after purchasing an additional 183 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its stake in The Howard Hughes by 1.8% in the 2nd quarter. ArrowMark Colorado Holdings LLC now owns 11,150 shares of the financial services provider’s stock valued at $579,000 after purchasing an additional 200 shares during the last quarter. Beech Hill Advisors Inc. raised its stake in The Howard Hughes by 3.2% in the 3rd quarter. Beech Hill Advisors Inc. now owns 6,425 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 200 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in The Howard Hughes by 3.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 6,384 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 219 shares during the last quarter. 88.47% of the stock is owned by hedge funds and other institutional investors.

HHC has been the topic of several research analyst reports. ValuEngine lowered shares of The Howard Hughes from a “buy” rating to a “hold” rating in a research report on Tuesday, November 10th. TheStreet upgraded shares of The Howard Hughes from a “d” rating to a “c-” rating in a research report on Friday, October 2nd. BidaskClub lowered shares of The Howard Hughes from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 1st. Piper Sandler lifted their price target on The Howard Hughes from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Zacks Investment Research downgraded The Howard Hughes from a “buy” rating to a “hold” rating in a research note on Tuesday, January 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $84.50.

About The Howard Hughes

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through four segments: Operating Assets, Master Planned Communities (MPCs), Seaport District, and Strategic Developments. The Operating Assets segment owns 14 retail, 32 office, nine multi-family, and three hospitality properties, as well as 13 other operating assets and investments primarily located and around The Woodlands, Texas; Columbia, Maryland; New York, New York; Las Vegas, Nevada; and Honolulu, HawaiƂ’i.

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