Bridgeway Capital Management LLC Sells 362,587 Shares of Anywhere Real Estate Inc. $HOUS

Key Points

• Bridgeway Capital Management LLC sold 362,587 shares of Anywhere Real Estate Inc., reducing its stake by 28.4% in the first quarter, leaving it with 913,172 shares valued at approximately $3.04 million.
• Anywhere Real Estate reported a miss in EPS expectations for the last quarter, posting $0.32 compared to the consensus estimate of $0.34, along with a revenue of $1.68 billion falling short of the $1.77 billion forecast.
• Analysts have mostly rated Anywhere Real Estate as a sell, with Barclays raising its price target to $3.50 while maintaining an "underweight" rating, reflecting ongoing concerns about the company's financial performance.

Bridgeway Capital Management LLC lowered its stake in Anywhere Real Estate Inc. (NYSE:HOUS - Free Report) by 28.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 913,172 shares of the company's stock after selling 362,587 shares during the quarter. Bridgeway Capital Management LLC owned 0.82% of Anywhere Real Estate worth $3,041,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HOUS. Ballentine Partners LLC purchased a new stake in Anywhere Real Estate in the first quarter worth $39,000. Avantax Advisory Services Inc. bought a new position in shares of Anywhere Real Estate in the 1st quarter worth approximately $43,000. First Trust Advisors LP bought a new position in Anywhere Real Estate in the fourth quarter worth $50,000. Pallas Capital Advisors LLC purchased a new position in Anywhere Real Estate during the first quarter valued at $52,000. Finally, Cetera Investment Advisers bought a new stake in shares of Anywhere Real Estate during the 4th quarter valued at $77,000. 97.56% of the stock is currently owned by hedge funds and other institutional investors.

Anywhere Real Estate Stock Down 6.0%

NYSE:HOUS traded down $0.39 on Tuesday, reaching $6.12. 915,931 shares of the stock traded hands, compared to its average volume of 1,166,643. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $685.56 million, a price-to-earnings ratio of -6.24 and a beta of 1.66. Anywhere Real Estate Inc. has a 12 month low of $2.71 and a 12 month high of $6.63. The company's fifty day simple moving average is $5.06 and its 200 day simple moving average is $4.04.

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). The firm 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 company's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 EPS. Equities analysts predict that Anywhere Real Estate Inc. will post 0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. 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. Barclays lifted their target price on shares of Anywhere Real Estate from $3.00 to $3.50 and gave the company an "underweight" rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target 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.