Media headlines about Howard Hughes (NYSE:HHC) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Howard Hughes earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.9719892668107 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
Separately, Zacks Investment Research upgraded shares of Howard Hughes from a “strong sell” rating to a “hold” rating in a research note on Wednesday.
Howard Hughes (NYSE HHC) traded up $0.61 during trading hours on Friday, hitting $127.06. 156,869 shares of the stock traded hands, compared to its average volume of 242,029. Howard Hughes has a 1-year low of $104.63 and a 1-year high of $133.08. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $5,453.03, a P/E ratio of 59.65 and a beta of 1.41.
In other news, Director Pershing Square Capital Manage sold 2,500,000 shares of Howard Hughes stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $127.86, for a total transaction of $319,650,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 20.70% of the company’s stock.
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Howard Hughes Company Profile
The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The Company is engaged in the ownership, management and the redevelopment or repositioning of real estate assets, as well as other real estate opportunities in the form of entitled and unentitled land and other development rights, also called Strategic Developments.
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