Charles Schwab Investment Management Inc. Purchases 1,200,823 Shares of 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. lifted its position in Anywhere Real Estate Inc. (NYSE:HOUS - Free Report) by 111.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,280,470 shares of the company's stock after buying an additional 1,200,823 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.04% of Anywhere Real Estate worth $7,594,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of analysts recently weighed in on HOUS shares. Wall Street Zen downgraded shares of Anywhere Real Estate from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Barclays increased 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 report on Wednesday, July 30th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Anywhere Real Estate presently has a consensus rating of "Reduce" and a consensus price target of $4.00.

Anywhere Real Estate Stock Down 2.0%

NYSE HOUS traded down $0.13 during trading hours on Monday, reaching $6.11. 891,794 shares of the company's stock were exchanged, compared to its average volume of 1,349,978. The company's 50-day moving average is $4.75 and its two-hundred day moving average is $3.94. Anywhere Real Estate Inc. has a one year low of $2.71 and a one 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 company has a market capitalization of $683.88 million, a price-to-earnings ratio of -6.23 and a beta of 1.66.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). Anywhere Real Estate had a negative return on equity of 4.57% and a negative net margin of 1.87%.The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the company posted $0.27 earnings per share. Anywhere Real Estate's revenue for the quarter was up .8% compared to the same quarter last year. On average, analysts forecast that Anywhere Real Estate Inc. will post 0.05 EPS for the current fiscal year.

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.