Connor Clark & Lunn Investment Management Ltd. Raises Holdings in Anywhere Real Estate Inc. (NYSE:HOUS)

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its position in Anywhere Real Estate Inc. by 9.4%, owning approximately 1.85 million shares worth $6.17 million.
• Anywhere Real Estate reported earnings of $0.32 per share, falling short of the consensus estimate of $0.34, alongside revenue of $1.68 billion against expectations of $1.77 billion.
• Analyst ratings have shifted, with Wall Street Zen downgrading Anywhere Real Estate from a "hold" to a "sell," while Barclays slightly increased their target price to $3.50 but still assigned an "underweight" rating.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in Anywhere Real Estate Inc. (NYSE:HOUS - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,851,748 shares of the company's stock after purchasing an additional 159,046 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 1.66% of Anywhere Real Estate worth $6,166,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HOUS. Wells Fargo & Company MN increased its holdings in shares of Anywhere Real Estate by 25.2% in the fourth quarter. Wells Fargo & Company MN now owns 58,507 shares of the company's stock valued at $193,000 after purchasing an additional 11,779 shares during the last quarter. Invesco Ltd. grew its position in Anywhere Real Estate by 1.9% in the fourth quarter. Invesco Ltd. now owns 179,612 shares of the company's stock worth $593,000 after acquiring an additional 3,327 shares during the period. Renaissance Technologies LLC grew its position in Anywhere Real Estate by 49.0% in the fourth quarter. Renaissance Technologies LLC now owns 560,120 shares of the company's stock worth $1,848,000 after acquiring an additional 184,120 shares during the period. Raymond James Financial Inc. purchased a new position in Anywhere Real Estate in the fourth quarter worth approximately $543,000. Finally, Jump Financial LLC grew its position in Anywhere Real Estate by 76.1% in the fourth quarter. Jump Financial LLC now owns 110,384 shares of the company's stock worth $364,000 after acquiring an additional 47,704 shares during the period. Institutional investors and hedge funds own 97.56% of the company's stock.

Anywhere Real Estate Stock Up 1.8%

NYSE HOUS traded up $0.10 during trading on Friday, reaching $5.77. 1,113,627 shares of the company's stock were exchanged, compared to its average volume of 1,661,233. The stock has a market cap of $646.38 million, a P/E ratio of -5.89 and a beta of 1.70. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.32 and a current ratio of 0.52. The company has a 50 day moving average price of $4.28 and a two-hundred day moving average price of $3.76. Anywhere Real Estate Inc. has a 1 year low of $2.71 and a 1 year high of $5.95.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last issued its quarterly 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 company had revenue of $1.68 billion during the quarter, compared to analyst estimates 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 revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. On average, equities research analysts anticipate that Anywhere Real Estate Inc. will post 0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HOUS has been the subject of several analyst reports. Wall Street Zen lowered Anywhere Real Estate from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Barclays lifted their price objective on Anywhere Real Estate from $3.00 to $3.50 and gave the company an "underweight" rating in a research note on Wednesday, July 30th. Finally, Keefe, Bruyette & Woods dropped their price objective on Anywhere Real Estate from $5.00 to $4.50 and set a "market perform" rating for the company 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.