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

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Anywhere Real Estate by 0.6% in the first quarter. Vanguard Group Inc. now owns 10,090,381 shares of the company's stock worth $33,601,000 after buying an additional 60,440 shares during the period. D. E. Shaw & Co. Inc. increased its stake in Anywhere Real Estate by 10.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,425,405 shares of the company's stock worth $17,904,000 after purchasing an additional 517,606 shares during the period. RPD Fund Management LLC purchased a new stake in Anywhere Real Estate in the fourth quarter worth $17,137,000. Gator Capital Management LLC lifted its position in shares of Anywhere Real Estate by 1.3% during the first quarter. Gator Capital Management LLC now owns 2,558,050 shares of the company's stock worth $8,518,000 after purchasing an additional 33,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Anywhere Real Estate by 111.2% during 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. Hedge funds and other institutional investors own 97.56% of the company's stock.

Anywhere Real Estate Stock Up 5.0%

Shares of NYSE:HOUS traded up $0.34 during trading hours on Friday, hitting $7.15. The company's stock had a trading volume of 1,467,377 shares, compared to its average volume of 1,223,850. The firm's fifty day moving average price is $5.23 and its 200 day moving average price is $4.10. Anywhere Real Estate Inc. has a 52 week low of $2.71 and a 52 week high of $7.21. The company has a market capitalization of $800.94 million, a price-to-earnings ratio of -7.30 and a beta of 1.66. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.52.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last issued 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). The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.77 billion. Anywhere Real Estate had a negative net margin of 1.87% and a negative return on equity of 4.57%. The business's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. As a group, research analysts expect that Anywhere Real Estate Inc. will post 0.05 EPS for the current year.

Analysts Set New Price Targets

HOUS has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Anywhere Real Estate from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Barclays lifted 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 analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company 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.