Howard Hughes Corp (HHC) Insider Buys $199,320.30 in Stock

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Howard Hughes Corp (NYSE:HHC) insider Simon Joseph Treacy acquired 2,070 shares of Howard Hughes stock in a transaction that occurred on Monday, December 17th. The stock was acquired at an average cost of $96.29 per share, for a total transaction of $199,320.30. Following the purchase, the insider now owns 2,070 shares of the company’s stock, valued at $199,320.30. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of HHC opened at $96.59 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.03. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 62.32 and a beta of 1.21. Howard Hughes Corp has a 12 month low of $95.09 and a 12 month high of $142.36.

Howard Hughes (NYSE:HHC) last issued its quarterly earnings results on Monday, November 5th. The financial services provider reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.08). The firm had revenue of $257.00 million for the quarter, compared to the consensus estimate of $191.77 million. Howard Hughes had a net margin of 18.75% and a return on equity of 2.38%. The business’s revenue was down .8% compared to the same quarter last year. During the same period last year, the company posted $0.24 EPS. As a group, sell-side analysts predict that Howard Hughes Corp will post 0.92 EPS for the current year.

Several brokerages recently weighed in on HHC. Citigroup boosted their price objective on shares of Howard Hughes from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Tuesday, November 13th. TheStreet cut shares of Howard Hughes from a “b-” rating to a “c+” rating in a research note on Tuesday, September 18th. One investment analyst has rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $160.00.

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Howard Hughes during the second quarter valued at $243,000. Real Estate Management Services LLC boosted its position in Howard Hughes by 13.9% during the third quarter. Real Estate Management Services LLC now owns 147,100 shares of the financial services provider’s stock valued at $18,273,000 after acquiring an additional 17,900 shares during the last quarter. Palo Capital Inc. boosted its position in Howard Hughes by 84.3% during the third quarter. Palo Capital Inc. now owns 8,015 shares of the financial services provider’s stock valued at $996,000 after acquiring an additional 3,665 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in Howard Hughes during the third quarter valued at $872,000. Finally, BlackRock Inc. boosted its position in Howard Hughes by 1.2% during the second quarter. BlackRock Inc. now owns 1,719,275 shares of the financial services provider’s stock valued at $227,805,000 after acquiring an additional 20,858 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

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

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