Howard Hughes Holdings Inc. (NYSE:HHH – Get Free Report) saw a large decline in short interest in September. As of September 15th, there was short interest totalling 1,980,000 shares, a decline of 9.2% from the August 31st total of 2,180,000 shares. Approximately 4.0% of the shares of the stock are short sold. Based on an average daily volume of 308,200 shares, the short-interest ratio is presently 6.4 days.
Howard Hughes Price Performance
Shares of HHH stock traded up $0.75 during trading hours on Friday, hitting $77.74. The stock had a trading volume of 167,888 shares, compared to its average volume of 300,816. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of -6.63 and a beta of 1.45. Howard Hughes has a one year low of $59.00 and a one year high of $86.72. The stock’s 50-day moving average price is $72.74 and its two-hundred day moving average price is $68.96.
Howard Hughes (NYSE:HHH – Get Free Report) last released its quarterly earnings results on Friday, July 26th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.14. The business had revenue of $317.40 million during the quarter, compared to analysts’ expectations of $239.73 million. Howard Hughes had a negative return on equity of 0.33% and a negative net margin of 49.52%. The firm’s revenue for the quarter was up 42.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.39) EPS. Equities analysts forecast that Howard Hughes will post 3.05 EPS for the current year.
Institutional Investors Weigh In On Howard Hughes
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group cut their price objective on shares of Howard Hughes from $89.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, June 4th.
View Our Latest Analysis on HHH
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.
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