Short Interest in Howard Hughes Holdings Inc. (NYSE:HHH) Rises By 15.2%

Howard Hughes Holdings Inc. (NYSE:HHH) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 2,242,373 shares, an increase of 15.2% from the February 12th total of 1,947,019 shares. Based on an average trading volume of 521,156 shares, the days-to-cover ratio is presently 4.3 days. Currently, 7.2% of the company’s stock are short sold. Currently, 7.2% of the company’s stock are short sold. Based on an average trading volume of 521,156 shares, the days-to-cover ratio is presently 4.3 days.

Howard Hughes Trading Down 3.1%

Shares of HHH stock opened at $62.77 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 29.75 and a beta of 1.25. Howard Hughes has a 52-week low of $61.40 and a 52-week high of $91.07. The company has a 50-day simple moving average of $77.02 and a two-hundred day simple moving average of $80.29.

Howard Hughes (NYSE:HHH) last posted its earnings results on Thursday, February 19th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $0.31 by $1.26. Howard Hughes had a net margin of 8.40% and a return on equity of 5.54%. The firm had revenue of $624.45 million for the quarter. During the same period in the prior year, the business earned $3.25 EPS. Howard Hughes’s quarterly revenue was down 36.5% compared to the same quarter last year. Research analysts anticipate that Howard Hughes will post 3.7 EPS for the current fiscal year.

Insider Transactions at Howard Hughes

In related news, General Counsel Joseph Valane purchased 1,260 shares of the business’s stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $64.45 per share, for a total transaction of $81,207.00. Following the purchase, the general counsel owned 29,209 shares of the company’s stock, valued at approximately $1,882,520.05. This trade represents a 4.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director R Scot Sellers acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The shares were bought at an average cost of $77.94 per share, with a total value of $389,700.00. Following the completion of the acquisition, the director directly owned 67,517 shares in the company, valued at approximately $5,262,274.98. This represents a 8.00% increase in their position. The SEC filing for this purchase provides additional information. 48.00% of the stock is currently owned by insiders.

Institutional Trading of Howard Hughes

Hedge funds have recently bought and sold shares of the business. Allworth Financial LP boosted its position in Howard Hughes by 134.2% in the second quarter. Allworth Financial LP now owns 363 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in Howard Hughes by 291.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 391 shares of the company’s stock valued at $27,000 after purchasing an additional 291 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of Howard Hughes during the 3rd quarter valued at $31,000. Signaturefd LLC increased its position in shares of Howard Hughes by 41.5% during the 4th quarter. Signaturefd LLC now owns 423 shares of the company’s stock valued at $34,000 after purchasing an additional 124 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Howard Hughes by 191.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock worth $35,000 after purchasing an additional 339 shares during the period. 93.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Howard Hughes in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $83.33.

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. Its MPCs segment develops, sells, and leases residential and commercial land designated for long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona.