Howard Hughes Holdings Inc. (NYSE:HHH) Short Interest Down 6.5% in November

Howard Hughes Holdings Inc. (NYSE:HHH) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 1,570,000 shares, a drop of 6.5% from the October 31st total of 1,680,000 shares. Based on an average daily trading volume, of 205,800 shares, the short-interest ratio is currently 7.6 days. Approximately 3.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Howard Hughes

A number of institutional investors and hedge funds have recently bought and sold shares of HHH. Carmel Capital Partners LLC boosted its holdings in Howard Hughes by 2.6% during the third quarter. Carmel Capital Partners LLC now owns 5,739 shares of the company’s stock worth $444,000 after purchasing an additional 144 shares during the last quarter. Point72 DIFC Ltd boosted its stake in shares of Howard Hughes by 2.0% in the 3rd quarter. Point72 DIFC Ltd now owns 7,543 shares of the company’s stock worth $584,000 after buying an additional 147 shares during the last quarter. US Bancorp DE boosted its stake in shares of Howard Hughes by 16.2% in the 3rd quarter. US Bancorp DE now owns 1,364 shares of the company’s stock worth $106,000 after buying an additional 190 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Howard Hughes by 2.2% in the second quarter. Arizona State Retirement System now owns 9,143 shares of the company’s stock valued at $593,000 after acquiring an additional 197 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Howard Hughes by 0.4% during the second quarter. Hsbc Holdings PLC now owns 52,235 shares of the company’s stock valued at $3,359,000 after acquiring an additional 227 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Howard Hughes Trading Down 0.6 %

Shares of NYSE:HHH traded down $0.50 during midday trading on Wednesday, reaching $85.68. The company’s stock had a trading volume of 6,939 shares, compared to its average volume of 281,275. Howard Hughes has a fifty-two week low of $59.00 and a fifty-two week high of $87.77. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a 50 day moving average price of $79.35 and a two-hundred day moving average price of $73.02. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 57.11 and a beta of 1.48.

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