Charles Schwab Investment Management Inc. Boosts Holdings in Anywhere Real Estate Inc. $HOUS

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Anywhere Real Estate Inc. by 111.2% in the first quarter, acquiring an additional 1,200,823 shares for a total of 2,280,470 shares.
• Anywhere Real Estate reported $1.68 billion in revenue for the recent quarter, falling short of expectations, and its EPS was $0.32, missing the consensus estimate of $0.34.
• Analysts have downgraded the stock from a "hold" to a "sell" rating and set a consensus target price of $4.00 for Anywhere Real Estate shares.

Charles Schwab Investment Management Inc. boosted its stake in Anywhere Real Estate Inc. (NYSE:HOUS - Free Report) by 111.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,280,470 shares of the company's stock after buying an additional 1,200,823 shares during the period. Charles Schwab Investment Management Inc. owned 2.04% of Anywhere Real Estate worth $7,594,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Ballentine Partners LLC bought a new stake in Anywhere Real Estate during the first quarter worth about $39,000. Avantax Advisory Services Inc. purchased a new stake in shares of Anywhere Real Estate during the first quarter valued at $43,000. First Trust Advisors LP bought a new stake in shares of Anywhere Real Estate in the fourth quarter worth approximately $50,000. Pallas Capital Advisors LLC purchased a new stake in Anywhere Real Estate during the 1st quarter valued at $52,000. Finally, Cetera Investment Advisers purchased a new stake in Anywhere Real Estate during the fourth quarter valued at $77,000. Institutional investors own 97.56% of the company's stock.

Anywhere Real Estate Stock Performance

NYSE:HOUS opened at $6.44 on Wednesday. The company has a market cap of $721.07 million, a price-to-earnings ratio of -6.57 and a beta of 1.70. The stock's 50 day simple moving average is $4.54 and its two-hundred day simple moving average is $3.87. 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 Inc. has a 1 year low of $2.71 and a 1 year high of $6.63.

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

Analysts Set New Price Targets

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