One William Street Capital Management L.P. Makes New Investment in 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. bought a new position in Anywhere Real Estate Inc. (NYSE:HOUS - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 450,000 shares of the company's stock, valued at approximately $1,498,000. Anywhere Real Estate makes up 4.5% of One William Street Capital Management L.P.'s portfolio, making the stock its largest holding. One William Street Capital Management L.P. owned about 0.40% of Anywhere Real Estate as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HOUS. Ballentine Partners LLC purchased a new stake in Anywhere Real Estate in the first quarter worth approximately $39,000. Avantax Advisory Services Inc. bought a new stake in shares of Anywhere Real Estate in the 1st quarter worth approximately $43,000. First Trust Advisors LP purchased a new stake in shares of Anywhere Real Estate in the 4th quarter valued at $50,000. Pallas Capital Advisors LLC purchased a new stake in shares of Anywhere Real Estate in the 1st quarter valued at $52,000. Finally, Cetera Investment Advisers bought a new position in shares of Anywhere Real Estate during the 4th quarter valued at $77,000. Institutional investors own 97.56% of the company's stock.

Anywhere Real Estate Trading Down 0.4%

NYSE:HOUS traded down $0.03 during trading hours on Wednesday, hitting $6.41. The company had a trading volume of 407,523 shares, compared to its average volume of 1,165,150. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a 50-day moving average price of $4.54 and a 200 day moving average price of $3.87. The company has a market capitalization of $717.49 million, a PE ratio of -6.55 and a beta of 1.70. Anywhere Real Estate Inc. has a 52 week low of $2.71 and a 52 week high of $6.63.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate 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 firm's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 earnings per share. On average, equities research analysts predict that Anywhere Real Estate Inc. will post 0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wall Street Zen downgraded shares of Anywhere Real Estate from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Barclays boosted their target price on 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 company's stock. Based on data from MarketBeat.com, Anywhere Real Estate currently has an average rating of "Reduce" and an average target price of $4.00.

About Anywhere Real Estate

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.