Howard Hughes Holdings Inc. (NYSE:HHH) Short Interest Up 22.2% in March

Howard Hughes Holdings Inc. (NYSE:HHH) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 2,944,737 shares, a growth of 22.2% from the March 15th total of 2,408,784 shares. Based on an average daily volume of 529,832 shares, the short-interest ratio is currently 5.6 days. Currently, 9.5% of the company’s shares are sold short.

Howard Hughes Trading Down 0.5%

Shares of HHH stock traded down $0.34 on Thursday, hitting $64.71. The stock had a trading volume of 328,261 shares, compared to its average volume of 450,209. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.73. Howard Hughes has a twelve month low of $61.01 and a twelve month high of $91.07. The company has a fifty day moving average price of $69.65 and a two-hundred day moving average price of $78.00. The firm has a market cap of $3.86 billion, a P/E ratio of 30.67 and a beta of 1.28.

Howard Hughes (NYSE:HHH) last posted its earnings results on Thursday, February 19th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.21). Howard Hughes had a return on equity of 5.54% and a net margin of 8.40%.The business had revenue of $624.45 million for the quarter. During the same quarter in the previous year, the company posted $3.25 EPS. The company’s quarterly revenue was down 36.5% on a year-over-year basis. As a group, analysts forecast that Howard Hughes will post 3.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 6th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Howard Hughes currently has a consensus rating of “Hold” and an average price target of $83.33.

Insider Activity

In related news, General Counsel Joseph Valane acquired 1,260 shares of the company’s stock in a transaction that occurred 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 completion of the acquisition, the general counsel owned 29,209 shares of the company’s stock, valued at $1,882,520.05. This trade represents a 4.51% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 48.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Howard Hughes

Several institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new stake in Howard Hughes during the 4th quarter worth approximately $203,000. Stone Wealth Partners acquired a new stake in Howard Hughes during the 4th quarter worth approximately $281,000. Virtu Financial LLC bought a new position in Howard Hughes in the fourth quarter valued at approximately $279,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Howard Hughes in the fourth quarter valued at approximately $171,000. Finally, Compound Planning Inc. acquired a new position in shares of Howard Hughes in the fourth quarter valued at approximately $200,000. 93.83% of the stock is currently owned by institutional investors and hedge funds.

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.