Howard Hughes Holdings Inc. (NYSE:HHH) Short Interest Update

Howard Hughes Holdings Inc. (NYSE:HHH) was the recipient of a significant 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. Based on an average daily volume of 270,800 shares, the days-to-cover ratio is currently 6.6 days. Approximately 3.6% of the shares of the company are short sold.

Insider Buying and Selling

In related news, insider Heath Melton sold 1,926 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $72.95, for a total transaction of $140,501.70. Following the transaction, the insider now directly owns 9,274 shares in the company, valued at $676,538.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 33.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Pershing Square Capital Management L.P. increased its holdings in shares of Howard Hughes by 12.2% during the fourth quarter. Pershing Square Capital Management L.P. now owns 18,852,064 shares of the company’s stock valued at $1,612,794,000 after purchasing an additional 2,045,156 shares during the period. Vanguard Group Inc. acquired a new position in shares of Howard Hughes during the third quarter valued at $359,181,000. Baillie Gifford & Co. acquired a new position in shares of Howard Hughes during the third quarter valued at $188,891,000. Dimensional Fund Advisors LP increased its holdings in shares of Howard Hughes by 9.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,352,501 shares of the company’s stock valued at $201,259,000 after purchasing an additional 193,957 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in shares of Howard Hughes during the third quarter valued at $156,887,000. 93.83% of the stock is owned by institutional investors and hedge funds.

Howard Hughes Price Performance

Shares of NYSE HHH opened at $59.39 on Thursday. Howard Hughes has a 1-year low of $59.15 and a 1-year high of $86.72. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.60 and a quick ratio of 1.60. The business’s fifty day moving average price is $72.63 and its two-hundred day moving average price is $74.93. The firm has a market capitalization of $2.98 billion, a PE ratio of -5.34 and a beta of 1.48.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HHH. TheStreet raised 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.

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.