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

Howard Hughes Holdings Inc. (NYSE:HHH) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 1,750,000 shares, a decrease of 11.6% from the September 15th total of 1,980,000 shares. Based on an average trading volume of 286,000 shares, the days-to-cover ratio is presently 6.1 days. Approximately 3.5% of the shares of the company are sold short.

Hedge Funds Weigh In On Howard Hughes

Institutional investors and hedge funds have recently modified their holdings of the stock. Beech Hill Advisors Inc. grew its stake in Howard Hughes by 5.6% in the 1st quarter. Beech Hill Advisors Inc. now owns 6,650 shares of the company’s stock valued at $483,000 after buying an additional 350 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Howard Hughes in the first quarter valued at approximately $294,000. LDR Capital Management LLC increased its stake in shares of Howard Hughes by 1.9% during the first quarter. LDR Capital Management LLC now owns 17,491 shares of the company’s stock worth $1,270,000 after purchasing an additional 321 shares during the period. Fidelis Capital Partners LLC acquired a new stake in Howard Hughes during the 1st quarter worth approximately $26,000. Finally, Quent Capital LLC boosted its stake in Howard Hughes by 1,385.9% in the 1st quarter. Quent Capital LLC now owns 2,006 shares of the company’s stock valued at $146,000 after purchasing an additional 1,871 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Stock Performance

Shares of HHH stock opened at $77.03 on Tuesday. The company has a fifty day moving average price of $73.84 and a two-hundred day moving average price of $69.28. Howard Hughes has a one year low of $59.00 and a one year high of $86.72. The stock has a market cap of $3.87 billion, a P/E ratio of -6.57 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) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. The business had revenue of $317.40 million during the quarter, compared to analysts’ expectations of $239.73 million. Howard Hughes had a negative return on equity of 0.33% and a negative net margin of 49.52%. Howard Hughes’s quarterly revenue was up 42.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.39) earnings per share. As a group, equities analysts predict that Howard Hughes will post 3.28 EPS for the current year.

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.