Howard Hughes (NYSE:HHC) Earns Daily Coverage Optimism Score of 0.15

Press coverage about Howard Hughes (NYSE:HHC) has trended somewhat positive on Thursday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Howard Hughes earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.9237458259075 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

A number of research analysts recently commented on the stock. Sandler O’Neill set a $140.00 target price on shares of Howard Hughes and gave the company a “hold” rating in a research report on Thursday, March 8th. Zacks Investment Research downgraded shares of Howard Hughes from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Finally, TheStreet upgraded shares of Howard Hughes from a “c” rating to a “b-” rating in a research note on Wednesday, March 28th.

NYSE:HHC traded up $0.33 during trading hours on Thursday, reaching $135.51. 161,800 shares of the company’s stock were exchanged, compared to its average volume of 280,668. Howard Hughes has a 1-year low of $114.28 and a 1-year high of $140.38. The stock has a market cap of $5.89 billion, a P/E ratio of 87.43 and a beta of 1.12. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.60 and a quick ratio of 1.60.

Howard Hughes (NYSE:HHC) last released its earnings results on Tuesday, May 1st. The financial services provider reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.46). Howard Hughes had a return on equity of 2.29% and a net margin of 15.94%. The firm had revenue of $161.68 million during the quarter, compared to analyst estimates of $266.77 million. During the same quarter last year, the business posted $0.13 EPS. The firm’s revenue was down 30.2% on a year-over-year basis. sell-side analysts expect that Howard Hughes will post -0.37 EPS for the current fiscal year.

In related news, insider Reuben Seth Davidsohn sold 9,445 shares of the firm’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $137.10, for a total value of $1,294,909.50. Following the completion of the sale, the insider now owns 37,175 shares in the company, valued at $5,096,692.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Weinreb sold 400,000 shares of the firm’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $138.46, for a total transaction of $55,384,000.00. The disclosure for this sale can be found here. 10.10% of the stock is owned by company insiders.

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.

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

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