Bank of America Corp DE Purchases 94,118 Shares of Anywhere Real Estate Inc. (NYSE:HOUS)

Bank of America Corp DE boosted its stake in shares of Anywhere Real Estate Inc. (NYSE:HOUS - Free Report) by 34.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 369,277 shares of the company's stock after purchasing an additional 94,118 shares during the quarter. Bank of America Corp DE owned 0.33% of Anywhere Real Estate worth $1,219,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mraz Amerine & Associates Inc. acquired a new stake in Anywhere Real Estate during the fourth quarter worth $33,000. RPO LLC acquired a new stake in shares of Anywhere Real Estate during the 4th quarter worth approximately $43,000. AXQ Capital LP bought a new stake in shares of Anywhere Real Estate during the 4th quarter valued at $49,000. First Trust Advisors LP bought a new position in Anywhere Real Estate during the fourth quarter worth about $50,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Anywhere Real Estate during the 4th quarter worth about $73,000. 97.56% of the stock is owned by institutional investors and hedge funds.

Anywhere Real Estate Stock Down 1.8%

Shares of NYSE HOUS traded down $0.07 during mid-day trading on Monday, reaching $3.78. 617,092 shares of the company's stock were exchanged, compared to its average volume of 1,280,422. The firm has a market capitalization of $422.62 million, a price-to-earnings ratio of -3.26 and a beta of 1.75. The company has a current ratio of 0.33, a quick ratio of 0.36 and a debt-to-equity ratio of 1.38. Anywhere Real Estate Inc. has a twelve month low of $2.71 and a twelve month high of $5.95. The business has a fifty day simple moving average of $3.39 and a 200 day simple moving average of $3.62.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.57) EPS for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.06). The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. Anywhere Real Estate had a negative return on equity of 5.88% and a negative net margin of 2.25%. The company's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.91) earnings per share. As a group, equities analysts expect that Anywhere Real Estate Inc. will post 0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reduced 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 research note on Monday, April 28th.

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.