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

Howard Hughes Holdings Inc. (NYSE:HHH - Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 1,750,000 shares, a decline of 11.6% from the September 15th total of 1,980,000 shares. Based on an average trading volume of 286,000 shares, the short-interest ratio is presently 6.1 days. Currently, 3.5% of the company's stock are sold short.

Institutional Trading of Howard Hughes

Institutional investors and hedge funds have recently bought and sold shares of the stock. Donald Smith & CO. Inc. increased its position in shares of Howard Hughes by 27.5% during the 2nd quarter. Donald Smith & CO. Inc. now owns 1,652,046 shares of the company's stock worth $107,086,000 after purchasing an additional 356,025 shares during the last quarter. New South Capital Management Inc. increased its holdings in Howard Hughes by 0.4% during the second quarter. New South Capital Management Inc. now owns 609,289 shares of the company's stock worth $39,494,000 after buying an additional 2,698 shares during the last quarter. Russell Investments Group Ltd. raised its position in Howard Hughes by 14.7% during the first quarter. Russell Investments Group Ltd. now owns 383,122 shares of the company's stock worth $27,822,000 after acquiring an additional 49,103 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Howard Hughes by 4.3% in the second quarter. Clearbridge Investments LLC now owns 340,194 shares of the company's stock valued at $22,051,000 after acquiring an additional 13,880 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Howard Hughes by 81.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 337,440 shares of the company's stock valued at $24,505,000 after acquiring an additional 151,341 shares during the last quarter. Institutional investors own 93.83% of the company's stock.

Howard Hughes Stock Down 0.5 %

Shares of HHH traded down $0.36 during mid-day trading on Tuesday, hitting $76.67. 231,465 shares of the company's stock were exchanged, compared to its average volume of 291,512. Howard Hughes has a 52 week low of $59.00 and a 52 week high of $86.72. The company has a 50-day simple moving average of $74.16 and a 200 day simple moving average of $69.31. The company has a market cap of $3.85 billion, a PE ratio of -6.58 and a beta of 1.45. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.35.

Howard Hughes (NYSE:HHH - Get Free Report) last issued its quarterly earnings results on Friday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.14. Howard Hughes had a negative net margin of 49.52% and a negative return on equity of 0.33%. The firm had revenue of $317.40 million for the quarter, compared to analyst estimates of $239.73 million. During the same period in the previous year, the business earned ($0.39) EPS. The company's revenue was up 42.1% compared to the same quarter last year. On average, research analysts forecast that Howard Hughes will post 3.28 earnings per share for the current fiscal 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.