Howard Hughes Holdings Inc. (NYSE:HHH) Sees Large Growth in Short Interest

Howard Hughes Holdings Inc. (NYSE:HHH - Get Free Report) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 1,730,000 shares, a growth of 12.3% from the November 30th total of 1,540,000 shares. Approximately 3.5% of the company's shares are short sold. Based on an average daily volume of 215,500 shares, the short-interest ratio is currently 8.0 days.

Hedge Funds Weigh In On Howard Hughes

A number of large investors have recently made changes to their positions in HHH. Wilmington Savings Fund Society FSB acquired a new position in shares of Howard Hughes in the third quarter worth $46,000. Truvestments Capital LLC acquired a new position in Howard Hughes in the 3rd quarter worth about $83,000. KBC Group NV increased its position in Howard Hughes by 34.4% in 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 raised its stake 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 lifted its holdings in shares of Howard Hughes by 16.2% during the 3rd quarter. US Bancorp DE now owns 1,364 shares of the company's stock valued at $106,000 after buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company's stock.

Howard Hughes Trading Up 0.4 %

NYSE HHH traded up $0.28 on Wednesday, hitting $76.92. 156,617 shares of the stock were exchanged, compared to its average volume of 203,091. The company's 50-day moving average price is $80.67 and its two-hundred day moving average price is $74.95. 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 has a 52-week low of $59.00 and a 52-week high of $87.77. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 50.94 and a beta of 1.48.

Howard Hughes (NYSE:HHH - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $1.76. The business had revenue of $327.15 million for the quarter, compared to the consensus estimate of $261.00 million. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. Howard Hughes's revenue for the quarter was up 43.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.26) earnings per share. Research analysts predict that Howard Hughes will post 3.28 EPS 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.