Howard Hughes (NYSE:HHC) Earns Sell Rating from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Howard Hughes (NYSE:HHC – Get Rating) in a note issued to investors on Friday. The firm set a “sell” rating on the financial services provider’s stock.

Other research analysts also recently issued reports about the stock. BWS Financial restated a “buy” rating on shares of Howard Hughes in a research report on Tuesday, January 17th. TheStreet upgraded shares of Howard Hughes from a “d+” rating to a “c” rating in a research report on Wednesday, November 23rd. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, Howard Hughes has a consensus rating of “Moderate Buy” and an average price target of $86.67.

Howard Hughes Stock Up 4.0 %

Shares of NYSE:HHC opened at $78.63 on Friday. The company’s fifty day moving average is $83.14 and its two-hundred day moving average is $72.19. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.78 and a current ratio of 1.78. Howard Hughes has a 1-year low of $50.90 and a 1-year high of $105.51. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 21.14 and a beta of 1.45.

Howard Hughes (NYSE:HHC – Get Rating) last posted its quarterly earnings results on Monday, February 27th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.10. Howard Hughes had a net margin of 11.47% and a return on equity of 5.21%. The company had revenue of $482.01 million for the quarter, compared to the consensus estimate of $442.82 million. During the same period last year, the firm posted $2.09 EPS. Equities analysts anticipate that Howard Hughes will post -0.49 EPS for the current year.

Insider Buying and Selling at Howard Hughes

In related news, Director Pershing Square Capital Manage bought 12,642 shares of the stock in a transaction on Tuesday, December 20th. The shares were purchased at an average price of $74.84 per share, with a total value of $946,127.28. Following the purchase, the director now owns 15,850,171 shares in the company, valued at $1,186,226,797.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have purchased 49,200 shares of company stock valued at $3,666,435. Company insiders own 26.90% of the company’s stock.

Hedge Funds Weigh In On Howard Hughes

Several large investors have recently bought and sold shares of the stock. Guardian Wealth Advisors LLC acquired a new position in shares of Howard Hughes in the 3rd quarter worth approximately $30,000. Tower Research Capital LLC TRC grew its stake in shares of Howard Hughes by 39.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 632 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 178 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of Howard Hughes by 72,600.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 727 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 726 shares during the last quarter. Western Pacific Wealth Management LP acquired a new position in shares of Howard Hughes in the 3rd quarter worth approximately $59,000. Finally, MetLife Investment Management LLC acquired a new position in shares of Howard Hughes in the 1st quarter worth approximately $86,000.

About Howard Hughes

(Get Rating)

The Howard Hughes Corp. engages in the development and management of commercial, residential, and mixed-use real estate. It operates through the following segments: Operating Assets, Master Planned Communities, Seaport District, and Strategic Developments. The Operating Assets segment consists of retail, office, hospitality, and multi-family properties along with other real estate investments.