Douglas Elliman (NYSE:DOUG) Shares Up 4.5% - Here's Why

Shares of Douglas Elliman Inc. (NYSE:DOUG - Get Free Report) shot up 4.5% during mid-day trading on Tuesday . The company traded as high as $2.00 and last traded at $1.9850. 590,380 shares were traded during trading, an increase of 25% from the average session volume of 470,923 shares. The stock had previously closed at $1.90.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Douglas Elliman from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of "Sell".

Douglas Elliman Trading Up 4.5%

The stock has a market cap of $175.11 million, a P/E ratio of 39.70 and a beta of 1.93. The company's fifty day simple moving average is $1.90 and its 200-day simple moving average is $2.32.

Douglas Elliman (NYSE:DOUG - Get Free Report) last announced its quarterly earnings results on Friday, March 13th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.19). The business had revenue of $245.45 million during the quarter, compared to the consensus estimate of $275.45 million. Douglas Elliman had a net margin of 1.47% and a negative return on equity of 14.22%.

Institutional Investors Weigh In On Douglas Elliman

Several institutional investors and hedge funds have recently bought and sold shares of the business. Saber Capital Managment LLC bought a new stake in shares of Douglas Elliman in the 4th quarter worth about $2,982,000. Geode Capital Management LLC grew its holdings in shares of Douglas Elliman by 115.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,707,823 shares of the company's stock worth $3,963,000 after purchasing an additional 915,018 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Douglas Elliman by 36.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,474,443 shares of the company's stock worth $7,077,000 after purchasing an additional 662,603 shares during the last quarter. Portolan Capital Management LLC grew its holdings in shares of Douglas Elliman by 28.5% in the 3rd quarter. Portolan Capital Management LLC now owns 2,353,950 shares of the company's stock worth $6,732,000 after purchasing an additional 521,959 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Douglas Elliman in the 3rd quarter worth about $684,000. Institutional investors own 59.56% of the company's stock.

About Douglas Elliman

Douglas Elliman NYSE: DOUG is one of the largest residential real estate brokerages in the United States, offering an array of services that span property sales, leasing and management. Founded in 1911 and headquartered in New York City, the firm has built a reputation for representing high-end residential properties and guiding clients through complex real estate transactions. Over the course of its history, Douglas Elliman has expanded its offerings to include specialized support for developers, investors and individual homeowners.

The company's core business activities include residential brokerage, new development marketing, and property management.

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