Balyasny Asset Management L.P. Sells 1,355,875 Shares of Anywhere Real Estate Inc. (NYSE:HOUS)

Balyasny Asset Management L.P. lowered its stake in shares of Anywhere Real Estate Inc. (NYSE:HOUS - Free Report) by 64.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 754,081 shares of the company's stock after selling 1,355,875 shares during the period. Balyasny Asset Management L.P. owned about 0.68% of Anywhere Real Estate worth $2,488,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Mraz Amerine & Associates Inc. bought a new position in Anywhere Real Estate during the fourth quarter valued at approximately $33,000. RPO LLC acquired a new position in shares of Anywhere Real Estate during the 4th quarter worth $43,000. AXQ Capital LP bought a new position in shares of Anywhere Real Estate during the 4th quarter valued at $49,000. First Trust Advisors LP acquired a new stake in shares of Anywhere Real Estate in the 4th quarter valued at $50,000. Finally, Empirical Asset Management LLC acquired a new stake in shares of Anywhere Real Estate in the 4th quarter valued at $52,000. 97.56% of the stock is currently owned by hedge funds and other institutional investors.

Anywhere Real Estate Stock Performance

Shares of NYSE:HOUS traded up $0.10 during trading on Friday, reaching $3.78. The stock had a trading volume of 619,736 shares, compared to its average volume of 1,321,486. The stock has a fifty day simple moving average of $3.40 and a two-hundred day simple moving average of $3.68. The company has a quick ratio of 0.36, a current ratio of 0.33 and a debt-to-equity ratio of 1.38. Anywhere Real Estate Inc. has a 52 week low of $2.71 and a 52 week high of $5.95. The firm has a market capitalization of $422.06 million, a price-to-earnings ratio of -3.25 and a beta of 1.87.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.51) by ($0.06). The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.13 billion. Anywhere Real Estate had a negative return on equity of 5.88% and a negative net margin of 2.25%. The business's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.91) EPS. As a group, analysts anticipate that Anywhere Real Estate Inc. will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on HOUS. Keefe, Bruyette & Woods cut their target price on Anywhere Real Estate from $5.00 to $4.50 and set a "market perform" rating on the stock in a report on Monday, April 28th. Barclays lowered their price objective on Anywhere Real Estate from $4.00 to $3.00 and set an "underweight" rating on the stock in a report on Thursday, January 16th.

Anywhere Real Estate Profile

Anywhere Real Estate Inc, through its subsidiaries, provides residential real estate services in the United States and internationally. The company operates through three segments: Anywhere Brands, Anywhere Advisors, and Anywhere Integrated Services. The Anywhere Brands segment franchises the Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, and Sotheby's International Realty brand names.