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

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

Institutional Trading of Howard Hughes

A number of large investors have recently made changes to their positions in HHH. Donald Smith & CO. Inc. boosted its stake in shares of Howard Hughes by 27.5% during the second quarter. Donald Smith & CO. Inc. now owns 1,652,046 shares of the company’s stock valued at $107,086,000 after purchasing an additional 356,025 shares in the last quarter. Rule One Partners LLC bought a new stake in Howard Hughes during the 3rd quarter valued at $12,544,000. Victory Capital Management Inc. increased its holdings in shares of Howard Hughes by 50.0% in the 2nd quarter. Victory Capital Management Inc. now owns 312,181 shares of the company’s stock valued at $20,236,000 after acquiring an additional 103,995 shares during the period. Impax Asset Management Group plc bought a new position in shares of Howard Hughes in the 3rd quarter worth $7,743,000. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Howard Hughes by 22.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 456,083 shares of the company’s stock worth $35,315,000 after purchasing an additional 82,746 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

Howard Hughes Price Performance

HHH stock traded up $0.58 during trading on Tuesday, reaching $86.24. The company’s stock had a trading volume of 182,586 shares, compared to its average volume of 282,472. The company’s fifty day moving average is $79.18 and its 200-day moving average is $72.89. Howard Hughes has a 1 year low of $59.00 and a 1 year high of $87.77. The company has a market capitalization of $4.32 billion, a P/E ratio of 57.11 and a beta of 1.48. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.98.

Howard Hughes (NYSE:HHH) last posted its earnings results on Monday, November 4th. The company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $1.76. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The firm had revenue of $327.15 million during the quarter, compared to the consensus estimate of $261.00 million. During the same period in the prior year, the company earned ($0.26) EPS. The company’s quarterly revenue was up 43.2% compared to the same quarter last year. On average, research analysts expect 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.