Howard Hughes (NYSE:HHH) Sees Unusually-High Trading Volume

Shares of Howard Hughes Holdings Inc. (NYSE:HHH) saw strong trading volume on Tuesday . 313,537 shares traded hands during mid-day trading, an increase of 52% from the previous session’s volume of 205,609 shares.The stock last traded at $71.20 and had previously closed at $70.97.

Wall Street Analysts Forecast Growth

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

Howard Hughes Price Performance

The company has a debt-to-equity ratio of 1.73, a current ratio of 1.60 and a quick ratio of 1.60. The company’s 50-day moving average price is $76.70 and its 200-day moving average price is $75.81. The company has a market cap of $3.65 billion, a P/E ratio of -6.52 and a beta of 1.49.

Howard Hughes (NYSE:HHH) last announced its earnings results on Tuesday, February 27th. The company reported $0.69 earnings per share 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 firm had revenue of $335.84 million during the quarter, compared to analyst estimates of $318.32 million. As a group, sell-side analysts predict that Howard Hughes Holdings Inc. will post 3.63 earnings per share for the current fiscal year.

Insider Activity at Howard Hughes

In other news, insider James Carman sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $85.31, for a total transaction of $59,717.00. Following the completion of the transaction, the insider now directly owns 7,087 shares of the company’s stock, valued at approximately $604,591.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Howard Hughes news, insider Heath Melton sold 1,926 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $72.95, for a total transaction of $140,501.70. Following the transaction, the insider now owns 9,274 shares of the company’s stock, valued at approximately $676,538.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Carman sold 700 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $85.31, for a total value of $59,717.00. Following the completion of the sale, the insider now directly owns 7,087 shares of the company’s stock, valued at approximately $604,591.97. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,134 shares of company stock valued at $325,334. 33.00% of the stock is owned by insiders.

Institutional Trading of Howard Hughes

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new position in shares of Howard Hughes during the 3rd quarter worth about $5,154,000. Swiss National Bank acquired a new stake in Howard Hughes during the 3rd quarter valued at $5,708,000. American Century Companies Inc. acquired a new position in shares of Howard Hughes in the third quarter valued at $22,160,000. Treasurer of the State of North Carolina acquired a new position in Howard Hughes in the 3rd quarter valued at about $1,096,000. Finally, Motley Fool Asset Management LLC acquired a new position in shares of Howard Hughes in the third quarter valued at approximately $2,397,000. 93.83% of the stock is owned by institutional investors.

Howard Hughes Company Profile

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.