Howard Hughes Holdings Inc. (NYSE:HHH) Short Interest Down 9.2% in September

Howard Hughes Holdings Inc. (NYSE:HHH) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 1,980,000 shares, a decrease of 9.2% from the August 31st total of 2,180,000 shares. Based on an average daily volume of 308,200 shares, the days-to-cover ratio is currently 6.4 days. Currently, 4.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Fidelis Capital Partners LLC purchased a new stake in Howard Hughes during the first quarter valued at approximately $26,000. Headlands Technologies LLC boosted its holdings in shares of Howard Hughes by 897.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,336 shares of the company’s stock worth $87,000 after purchasing an additional 1,202 shares during the period. Innealta Capital LLC purchased a new position in shares of Howard Hughes in the 2nd quarter worth approximately $116,000. Quent Capital LLC boosted its holdings in shares of Howard Hughes by 1,385.9% in the 1st quarter. Quent Capital LLC now owns 2,006 shares of the company’s stock worth $146,000 after purchasing an additional 1,871 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in shares of Howard Hughes in the 1st quarter worth approximately $194,000. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Price Performance

Shares of NYSE:HHH traded down $0.10 during midday trading on Tuesday, reaching $77.33. 164,866 shares of the company were exchanged, compared to its average volume of 299,499. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.82. The business’s fifty day moving average is $72.85 and its two-hundred day moving average is $68.98. Howard Hughes has a one year low of $59.00 and a one year high of $86.72. The stock has a market cap of $3.89 billion, a PE ratio of -6.62 and a beta of 1.45.

Howard Hughes (NYSE:HHH) last issued its earnings results on Friday, July 26th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. Howard Hughes had a negative net margin of 49.52% and a negative return on equity of 0.33%. The firm had revenue of $317.40 million during the quarter, compared to analyst estimates of $239.73 million. During the same quarter in the prior year, the business earned ($0.39) earnings per share. Howard Hughes’s revenue for the quarter was up 42.1% on a year-over-year basis. As a group, analysts predict that Howard Hughes will post 3.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group dropped their price target on shares of Howard Hughes from $89.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, June 4th.

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.