Howard Hughes Holdings Inc. (NYSE:HHH) Sees Significant Drop in Short Interest

Howard Hughes Holdings Inc. (NYSE:HHH - Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 1,460,000 shares, a decrease of 12.6% from the February 28th total of 1,670,000 shares. Based on an average daily volume of 439,800 shares, the days-to-cover ratio is currently 3.3 days. Currently, 2.9% of the shares of the company are short sold.

Howard Hughes Stock Performance

HHH traded down $3.32 during trading on Friday, hitting $67.26. 615,923 shares of the stock were exchanged, compared to its average volume of 329,329. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98. Howard Hughes has a 1-year low of $59.00 and a 1-year high of $87.77. The stock has a fifty day moving average price of $75.09 and a two-hundred day moving average price of $77.44. The firm has a market capitalization of $3.39 billion, a P/E ratio of 44.54 and a beta of 1.48.

Howard Hughes (NYSE:HHH - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $3.25 EPS for the quarter, beating the consensus estimate of $2.85 by $0.40. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The firm had revenue of $983.59 million during the quarter, compared to the consensus estimate of $949.18 million. As a group, sell-side analysts predict that Howard Hughes will post 3.7 earnings per share for the current year.

Remove Ads

Institutional Investors Weigh In On Howard Hughes

Several hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp purchased a new position in shares of Howard Hughes in the 4th quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB acquired a new position in Howard Hughes in the 3rd quarter valued at $46,000. Sugar Maple Asset Management LLC purchased a new position in Howard Hughes during the 4th quarter worth $47,000. Huntington National Bank lifted its stake in shares of Howard Hughes by 335.5% in the 4th quarter. Huntington National Bank now owns 932 shares of the company's stock worth $72,000 after acquiring an additional 718 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Howard Hughes by 40.1% in the fourth quarter. KBC Group NV now owns 1,572 shares of the company's stock valued at $121,000 after acquiring an additional 450 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

Howard Hughes Company Profile

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.