Howard Hughes Holdings Inc. (NYSE:HHH) Short Interest Update

Howard Hughes Holdings Inc. (NYSE:HHH) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,800,000 shares, an increase of 5.9% from the March 15th total of 1,700,000 shares. Approximately 3.6% of the shares of the company are sold short. Based on an average daily trading volume, of 270,800 shares, the short-interest ratio is currently 6.6 days.

Insider Activity at Howard Hughes

In related news, insider Heath Melton sold 1,926 shares of Howard Hughes stock in a transaction on Friday, March 15th. The shares were sold at an average price of $72.95, for a total value of $140,501.70. Following the transaction, the insider now directly owns 9,274 shares in the company, valued at approximately $676,538.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 33.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Howard Hughes

Institutional investors and hedge funds have recently made changes to their positions in the business. KBC Group NV purchased a new stake in shares of Howard Hughes in the 4th quarter worth about $38,000. International Assets Investment Management LLC purchased a new position in Howard Hughes in the 4th quarter valued at about $44,000. Baker Avenue Asset Management LP purchased a new position in Howard Hughes in the 3rd quarter valued at about $45,000. Citigroup Inc. purchased a new position in Howard Hughes in the 3rd quarter valued at about $48,000. Finally, Baystate Wealth Management LLC purchased a new position in Howard Hughes in the 4th quarter valued at about $68,000. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Howard Hughes Price Performance

Howard Hughes stock opened at $59.39 on Thursday. Howard Hughes has a 52 week low of $59.15 and a 52 week high of $86.72. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.73. The firm’s 50-day simple moving average is $72.63 and its 200 day simple moving average is $74.93. The firm has a market capitalization of $2.98 billion, a PE ratio of -5.34 and a beta of 1.48.

Howard Hughes (NYSE:HHH) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.69 EPS for the quarter, topping the consensus estimate 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 business had revenue of $335.84 million for the quarter, compared to analyst estimates of $318.32 million. On average, equities research analysts predict that Howard Hughes will post 3.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HHH shares. TheStreet raised Howard Hughes from a “d+” rating to a “c-” rating in a report on Friday, December 22nd. JPMorgan Chase & Co. reduced their target price on Howard Hughes from $90.00 to $84.00 and set an “overweight” rating for the company in a report on Tuesday.

About Howard Hughes

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.