Short Interest in Howard Hughes Holdings Inc. (NYSE:HHH) Expands By 5.9%

Howard Hughes Holdings Inc. (NYSE:HHH) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,800,000 shares, a growth of 5.9% from the March 15th total of 1,700,000 shares. Approximately 3.6% of the shares of the stock are sold short. Based on an average trading volume of 270,800 shares, the short-interest ratio is presently 6.6 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HHH. TheStreet raised shares of Howard Hughes from a “d+” rating to a “c-” rating in a research report on Friday, December 22nd. JPMorgan Chase & Co. dropped their target price on Howard Hughes from $90.00 to $84.00 and set an “overweight” rating on the stock in a research report on Tuesday.

Howard Hughes Stock Down 2.1 %

Shares of NYSE:HHH traded down $1.29 on Tuesday, reaching $60.28. The company had a trading volume of 318,957 shares, compared to its average volume of 288,186. The stock has a 50-day moving average price of $73.35 and a 200 day moving average price of $75.14. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.73. Howard Hughes has a twelve month low of $59.63 and a twelve month high of $86.72. The stock has a market capitalization of $3.03 billion, a P/E ratio of -5.43 and a beta of 1.48.

Howard Hughes (NYSE:HHH) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.25. Howard Hughes had a negative net margin of 53.88% and a negative return on equity of 0.62%. The company had revenue of $335.84 million during the quarter, compared to analysts’ expectations of $318.32 million. On average, equities analysts expect that Howard Hughes will post 3.63 EPS for the current year.

Insider Transactions at Howard Hughes

In other Howard Hughes news, insider Heath Melton sold 1,926 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $72.95, for a total transaction of $140,501.70. Following the completion of the sale, the insider now directly owns 9,274 shares of the company’s stock, valued at $676,538.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 33.00% of the company’s stock.

Hedge Funds Weigh In On Howard Hughes

Several large investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new stake in shares of Howard Hughes during the third quarter worth $5,154,000. Citigroup Inc. acquired a new stake in Howard Hughes in the 3rd quarter valued at about $48,000. Swiss National Bank bought a new position in shares of Howard Hughes in the third quarter worth about $5,708,000. American Century Companies Inc. acquired a new position in shares of Howard Hughes during the third quarter worth approximately $22,160,000. Finally, UBS Group AG acquired a new position in shares of Howard Hughes during the third quarter worth approximately $2,288,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

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.