Short Interest in Howard Hughes Holdings Inc. (NYSE:HHH) Declines By 9.2%

Howard Hughes Holdings Inc. (NYSE:HHH) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 1,980,000 shares, a decline of 9.2% from the August 31st total of 2,180,000 shares. Based on an average daily trading volume, of 308,200 shares, the days-to-cover ratio is currently 6.4 days. Currently, 4.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Jefferies Financial Group reduced their price target on shares of Howard Hughes from $89.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, June 4th.

Howard Hughes Stock Performance

Shares of HHH stock traded up $0.75 on Friday, reaching $77.74. The stock had a trading volume of 167,888 shares, compared to its average volume of 300,816. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.35 and a current ratio of 1.35. Howard Hughes has a 1 year low of $59.00 and a 1 year high of $86.72. The stock has a market cap of $3.91 billion, a P/E ratio of -6.63 and a beta of 1.45. The company has a 50 day simple moving average of $72.74 and a 200 day simple moving average of $68.96.

Howard Hughes (NYSE:HHH) last announced its earnings results on Friday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.14. Howard Hughes had a negative return on equity of 0.33% and a negative net margin of 49.52%. The business had revenue of $317.40 million for the quarter, compared to analysts’ expectations of $239.73 million. During the same period last year, the firm posted ($0.39) earnings per share. The business’s revenue for the quarter was up 42.1% on a year-over-year basis. Equities research analysts expect that Howard Hughes will post 3.05 EPS for the current year.

Institutional Trading of Howard Hughes

Large investors have recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC purchased a new position in shares of Howard Hughes during the 1st quarter worth $26,000. Headlands Technologies LLC grew its holdings in Howard Hughes by 897.0% during the second quarter. Headlands Technologies LLC now owns 1,336 shares of the company’s stock valued at $87,000 after purchasing an additional 1,202 shares during the period. Innealta Capital LLC purchased a new stake in Howard Hughes in the second quarter worth about $116,000. Quent Capital LLC increased its position in Howard Hughes by 1,385.9% in the first quarter. Quent Capital LLC now owns 2,006 shares of the company’s stock worth $146,000 after buying an additional 1,871 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Howard Hughes in the first quarter worth about $194,000. 93.83% of the stock is currently owned by institutional investors.

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.