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

Howard Hughes Holdings Inc. (NYSE:HHH) was the target of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 1,570,000 shares, a decrease of 6.5% from the October 31st total of 1,680,000 shares. Approximately 3.2% of the shares of the stock are sold short. Based on an average daily volume of 205,800 shares, the days-to-cover ratio is presently 7.6 days.

Hedge Funds Weigh In On Howard Hughes

Large investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new position in shares of Howard Hughes in the third quarter valued at approximately $46,000. Truvestments Capital LLC acquired a new stake in Howard Hughes in the third quarter valued at about $83,000. KBC Group NV raised its position in Howard Hughes by 34.4% during the 3rd quarter. KBC Group NV now owns 1,122 shares of the company’s stock worth $87,000 after purchasing an additional 287 shares during the last quarter. Headlands Technologies LLC boosted its position in shares of Howard Hughes by 897.0% during the 2nd quarter. Headlands Technologies LLC now owns 1,336 shares of the company’s stock worth $87,000 after purchasing an additional 1,202 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Howard Hughes by 16.2% during the 3rd quarter. US Bancorp DE now owns 1,364 shares of the company’s stock worth $106,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Stock Performance

NYSE:HHH traded up $0.58 during trading hours on Tuesday, hitting $86.24. 182,586 shares of the company were exchanged, compared to its average volume of 282,472. Howard Hughes has a 52-week low of $59.00 and a 52-week high of $87.77. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 57.11 and a beta of 1.48. The company’s 50 day moving average price is $79.18 and its 200-day moving average price is $72.89. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08.

Howard Hughes (NYSE:HHH) last announced its earnings results on Monday, November 4th. The company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $1.76. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The business had revenue of $327.15 million during the quarter, compared to analysts’ expectations of $261.00 million. During the same period in the prior year, the company earned ($0.26) earnings per share. The business’s revenue was up 43.2% compared to the same quarter last year. As a group, research analysts forecast that Howard Hughes will post 3.28 earnings per share for the current year.

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.