Howard Hughes Holdings Inc. (NYSE:HHH) Short Interest Up 12.3% in December

Howard Hughes Holdings Inc. (NYSE:HHH) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 1,730,000 shares, an increase of 12.3% from the November 30th total of 1,540,000 shares. Currently, 3.5% of the company’s stock are sold short. Based on an average daily volume of 215,500 shares, the days-to-cover ratio is currently 8.0 days.

Howard Hughes Stock Up 0.4 %

NYSE:HHH traded up $0.28 during mid-day trading on Wednesday, reaching $76.92. The stock had a trading volume of 156,617 shares, compared to its average volume of 203,091. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. The stock’s 50 day simple moving average is $80.67 and its two-hundred day simple moving average is $74.93. 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 $3.86 billion, a price-to-earnings ratio of 50.94 and a beta of 1.48.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $1.76. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The company had revenue of $327.15 million for the quarter, compared to the consensus estimate of $261.00 million. During the same period last year, the firm posted ($0.26) EPS. The company’s revenue for the quarter was up 43.2% on a year-over-year basis. Equities analysts anticipate that Howard Hughes will post 3.28 EPS for the current year.

Institutional Trading of Howard Hughes

Several large investors have recently added to or reduced their stakes in the business. Bridges Investment Management Inc. bought a new position in Howard Hughes during the second quarter valued at about $428,000. PEAK6 Investments LLC raised its position in Howard Hughes by 201.8% during the third quarter. PEAK6 Investments LLC now owns 17,683 shares of the company’s stock valued at $1,369,000 after buying an additional 11,824 shares during the period. XTX Topco Ltd lifted its position in shares of Howard Hughes by 225.1% in the second quarter. XTX Topco Ltd now owns 10,529 shares of the company’s stock worth $682,000 after purchasing an additional 7,290 shares in the last quarter. Victory Capital Management Inc. lifted its position in Howard Hughes by 50.0% in the 2nd quarter. Victory Capital Management Inc. now owns 312,181 shares of the company’s stock worth $20,236,000 after buying an additional 103,995 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Howard Hughes by 7.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 109,407 shares of the company’s stock valued at $7,092,000 after buying an additional 7,602 shares during the period. 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.