Howard Hughes Holdings Inc. (NYSE:HHH) Insider Heath Melton Sells 1,926 Shares of Stock

Howard Hughes Holdings Inc. (NYSE:HHHGet Free Report) insider Heath Melton sold 1,926 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $72.95, for a total transaction of $140,501.70. Following the transaction, the insider now directly owns 9,274 shares of the company’s stock, valued at $676,538.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Howard Hughes Price Performance

HHH stock opened at $71.18 on Wednesday. Howard Hughes Holdings Inc. has a 52 week low of $65.42 and a 52 week high of $86.72. The firm’s 50-day moving average is $78.09 and its two-hundred day moving average is $76.10. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.60 and a current ratio of 1.60.

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

Institutional Trading of Howard Hughes

A number of hedge funds and other institutional investors have recently made changes to their positions in HHH. Vanguard Group Inc. purchased a new position in Howard Hughes during the third quarter valued at approximately $359,181,000. Baillie Gifford & Co. purchased a new position in Howard Hughes during the third quarter valued at approximately $188,891,000. Principal Financial Group Inc. purchased a new position in Howard Hughes during the third quarter valued at approximately $156,887,000. Pershing Square Capital Management L.P. grew its position in Howard Hughes by 12.2% during the fourth quarter. Pershing Square Capital Management L.P. now owns 18,852,064 shares of the company’s stock valued at $1,612,794,000 after purchasing an additional 2,045,156 shares in the last quarter. Finally, New South Capital Management Inc. purchased a new position in Howard Hughes during the third quarter valued at approximately $47,706,000. 94.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Read Our Latest Research Report on HHH

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.

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Insider Buying and Selling by Quarter for Howard Hughes (NYSE:HHH)

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