Anywhere Real Estate Inc. $HOUS Shares Sold by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC has reduced its stake in Anywhere Real Estate Inc. by 35.9%, selling over 186,000 shares during the first quarter, bringing its ownership to approximately 0.30% of the company's stock valued at $1.1 million.
• Several hedge funds have made significant moves, including Charles Schwab Investment Management, which increased its stake by 111.2%, and SG Americas Securities LLC, which raised its stake by an astonishing 5,654.0%.
• In its latest earnings report, Anywhere Real Estate posted an EPS of $0.32, missing estimates, with revenues totaling $1.68 billion, which was also below analyst expectations.

Cubist Systematic Strategies LLC lowered its stake in Anywhere Real Estate Inc. (NYSE:HOUS - Free Report) by 35.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 332,330 shares of the company's stock after selling 186,427 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.30% of Anywhere Real Estate worth $1,107,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Nuveen LLC purchased a new stake in shares of Anywhere Real Estate in the 1st quarter valued at approximately $1,103,000. Charles Schwab Investment Management Inc. raised its position in Anywhere Real Estate by 111.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,280,470 shares of the company's stock valued at $7,594,000 after purchasing an additional 1,200,823 shares during the period. Avantax Advisory Services Inc. acquired a new position in Anywhere Real Estate during the first quarter worth $43,000. SG Americas Securities LLC lifted its stake in Anywhere Real Estate by 5,654.0% during the first quarter. SG Americas Securities LLC now owns 1,146,715 shares of the company's stock worth $3,819,000 after purchasing an additional 1,126,786 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Anywhere Real Estate by 30.5% during the fourth quarter. Deutsche Bank AG now owns 133,819 shares of the company's stock worth $442,000 after buying an additional 31,282 shares during the period. Hedge funds and other institutional investors own 97.56% of the company's stock.

Anywhere Real Estate Trading Up 0.7%

NYSE:HOUS opened at $6.51 on Tuesday. The stock has a market cap of $728.69 million, a P/E ratio of -6.64 and a beta of 1.66. Anywhere Real Estate Inc. has a 1 year low of $2.71 and a 1 year high of $6.63. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a 50-day simple moving average of $5.01 and a 200-day simple moving average of $4.03.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last issued its earnings results 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 net margin of 1.87% and a negative return on equity of 4.57%. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the company posted $0.27 EPS. The company's quarterly revenue was up .8% on a year-over-year basis. As a group, analysts anticipate that Anywhere Real Estate Inc. will post 0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HOUS has been the topic of several research reports. Barclays increased their target price on Anywhere Real Estate from $3.00 to $3.50 and gave the stock an "underweight" rating in a research note on Wednesday, July 30th. Wall Street Zen cut shares of Anywhere Real Estate from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Anywhere Real Estate has a consensus rating of "Reduce" and an average target price 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.

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