One William Street Capital Management L.P. Buys Shares of 450,000 Anywhere Real Estate Inc. $HOUS

Key Points

• One William Street Capital Management L.P. has acquired 450,000 shares of Anywhere Real Estate Inc. ($HOUS), making it the firm's largest position with approximately $1.5 million invested.
• Despite a quarterly revenue of $1.68 billion, Anywhere Real Estate reported earnings per share (EPS) of $0.32, missing analysts' estimates and demonstrating a year-over-year revenue increase of only 0.8%.
• Institutional ownership of Anywhere Real Estate is significant, with 97.56% of shares held by institutional investors and several hedge funds increasing their stakes during the recent quarter.

One William Street Capital Management L.P. purchased a new position in Anywhere Real Estate Inc. (NYSE:HOUS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 450,000 shares of the company's stock, valued at approximately $1,498,000. Anywhere Real Estate accounts for about 4.5% of One William Street Capital Management L.P.'s investment portfolio, making the stock its biggest holding. One William Street Capital Management L.P. owned 0.40% of Anywhere Real Estate at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HOUS. Wells Fargo & Company MN increased its position in shares of Anywhere Real Estate by 25.2% in the fourth quarter. Wells Fargo & Company MN now owns 58,507 shares of the company's stock valued at $193,000 after buying an additional 11,779 shares in the last quarter. Invesco Ltd. lifted its position in shares of Anywhere Real Estate by 1.9% during the 4th quarter. Invesco Ltd. now owns 179,612 shares of the company's stock valued at $593,000 after buying an additional 3,327 shares in the last quarter. Renaissance Technologies LLC grew its stake in Anywhere Real Estate by 49.0% in the 4th quarter. Renaissance Technologies LLC now owns 560,120 shares of the company's stock valued at $1,848,000 after acquiring an additional 184,120 shares during the period. Raymond James Financial Inc. purchased a new stake in Anywhere Real Estate in the 4th quarter worth $543,000. Finally, Jump Financial LLC increased its holdings in Anywhere Real Estate by 76.1% in the 4th quarter. Jump Financial LLC now owns 110,384 shares of the company's stock worth $364,000 after acquiring an additional 47,704 shares in the last quarter. Hedge funds and other institutional investors own 97.56% of the company's stock.

Anywhere Real Estate Price Performance

HOUS traded up $0.3950 during trading on Friday, reaching $5.8650. The company's stock had a trading volume of 1,186,702 shares, compared to its average volume of 1,431,529. The company has a market cap of $657.00 million, a price-to-earnings ratio of -5.98 and a beta of 1.70. The firm has a fifty day simple moving average of $4.44 and a two-hundred day simple moving average of $3.84. Anywhere Real Estate Inc. has a 1 year low of $2.71 and a 1 year high of $5.95. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.51.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). The company had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.77 billion. Anywhere Real Estate had a negative return on equity of 4.57% and a negative net margin of 1.87%.The business's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 EPS. As a group, analysts anticipate that Anywhere Real Estate Inc. will post 0.05 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on HOUS. Keefe, Bruyette & Woods decreased their price objective on shares of 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. Wall Street Zen downgraded shares of Anywhere Real Estate from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, Barclays raised their price target on shares of Anywhere Real Estate from $3.00 to $3.50 and gave the company an "underweight" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Anywhere Real Estate currently has a consensus rating of "Reduce" and a consensus price target of $4.00.

Anywhere Real Estate Company 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.