Algert Global LLC Has $667,000 Position in Anywhere Real Estate Inc. $HOUS

Key Points

• Algert Global LLC has drastically reduced its stake in Anywhere Real Estate Inc. by 70.6% in the first quarter, now holding approximately 0.18% of the company’s shares.
• Anywhere Real Estate reported a quarterly earnings miss, with an EPS of $0.32 against an expected $0.34, and revenues of $1.68 billion falling short of forecasts.
• Wall Street analysts have downgraded their ratings on Anywhere Real Estate, with the consensus price target now at $4.00 and a general rating of "Reduce."

Algert Global LLC reduced its stake in Anywhere Real Estate Inc. (NYSE:HOUS - Free Report) by 70.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 200,220 shares of the company's stock after selling 481,499 shares during the quarter. Algert Global LLC owned approximately 0.18% of Anywhere Real Estate worth $667,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HOUS. Ballentine Partners LLC acquired a new stake in Anywhere Real Estate in the 1st quarter worth approximately $39,000. Avantax Advisory Services Inc. acquired a new position in shares of Anywhere Real Estate during the first quarter worth approximately $43,000. First Trust Advisors LP acquired a new position in shares of Anywhere Real Estate during the fourth quarter worth approximately $50,000. Pallas Capital Advisors LLC acquired a new position in shares of Anywhere Real Estate during the first quarter worth approximately $52,000. Finally, Cetera Investment Advisers acquired a new position in shares of Anywhere Real Estate during the fourth quarter worth approximately $77,000. 97.56% of the stock is currently owned by institutional investors and hedge funds.

Anywhere Real Estate Price Performance

NYSE:HOUS traded down $0.13 during trading hours on Friday, reaching $6.11. The company had a trading volume of 891,794 shares, compared to its average volume of 1,388,262. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. The stock has a 50-day moving average of $4.70 and a two-hundred day moving average of $3.93. Anywhere Real Estate Inc. has a one year low of $2.71 and a one year high of $6.63. The firm has a market capitalization of $683.91 million, a PE ratio of -6.23 and a beta of 1.70.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barclays upped their price target on Anywhere Real Estate from $3.00 to $3.50 and gave the stock an "underweight" rating in a report on Wednesday, July 30th. Wall Street Zen lowered Anywhere Real Estate from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Anywhere Real Estate currently has an average rating of "Reduce" and an average target price of $4.00.

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.