Howard Hughes Co. (NYSE:HHC) EVP Sarah M. Vasquez sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $134.80, for a total value of $1,011,000.00. Following the completion of the sale, the executive vice president now owns 11,582 shares of the company’s stock, valued at $1,561,253.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Howard Hughes Co. (HHC) opened at $137.04 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.04 and a current ratio of 2.04. Howard Hughes Co. has a one year low of $113.64 and a one year high of $139.50. The stock has a market cap of $5,979.95, a price-to-earnings ratio of 35.14 and a beta of 1.29.
Howard Hughes (NYSE:HHC) last announced its earnings results on Monday, February 26th. The financial services provider reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $3.19. Howard Hughes had a net margin of 15.31% and a return on equity of 2.52%. The company had revenue of $300.98 million for the quarter, compared to the consensus estimate of $239.83 million. During the same period in the previous year, the business earned $1.05 EPS. The company’s revenue was up 8.1% on a year-over-year basis. equities research analysts anticipate that Howard Hughes Co. will post 1.1 earnings per share for the current year.
Large investors have recently made changes to their positions in the business. St. James Investment Company LLC acquired a new stake in Howard Hughes during the 3rd quarter valued at $1,389,000. Bank of Montreal Can raised its stake in Howard Hughes by 167.7% during the 4th quarter. Bank of Montreal Can now owns 64,256 shares of the financial services provider’s stock valued at $8,435,000 after purchasing an additional 40,254 shares during the period. Keeley Teton Advisors LLC raised its stake in Howard Hughes by 13.9% during the 3rd quarter. Keeley Teton Advisors LLC now owns 95,067 shares of the financial services provider’s stock valued at $11,211,000 after purchasing an additional 11,593 shares during the period. Neuberger Berman Group LLC raised its stake in Howard Hughes by 277.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 6,800 shares of the financial services provider’s stock valued at $802,000 after purchasing an additional 5,000 shares during the period. Finally, Jennison Associates LLC raised its stake in Howard Hughes by 18.8% during the 4th quarter. Jennison Associates LLC now owns 743,602 shares of the financial services provider’s stock valued at $97,613,000 after purchasing an additional 117,647 shares during the period. 83.88% of the stock is currently owned by institutional investors.
Several research firms have issued reports on HHC. Zacks Investment Research raised Howard Hughes from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 10th. Sandler O’Neill set a $140.00 price target on Howard Hughes and gave the company a “hold” rating in a report on Thursday, March 8th.
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About Howard Hughes
The Howard Hughes Corporation owns, manages, and develops commercial, residential, and mixed-use real estate properties in the United States. It operates in three segments: Master Planned Communities, Operating Assets, and Strategic Developments. The Master Planned Communities segment develops and sells residential and commercial land.
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