Goldman Sachs Group Inc. Has $5.60 Million Stake in Anywhere Real Estate Inc. $HOUS

Key Points

• Goldman Sachs increased its stake in Anywhere Real Estate Inc. by 52.9%, owning 1,682,561 shares valued at approximately $5.60 million as of its recent filing.
• Anywhere Real Estate's stock has been rated "underweight" by Barclays, with a revised target price of $3.50 and an average consensus price target of $4.00.
• The company reported earnings missing expectations, with $0.32 EPS compared to the estimated $0.34, and a revenue of $1.68 billion, which fell short of the consensus estimate of $1.77 billion.

Goldman Sachs Group Inc. increased its holdings in Anywhere Real Estate Inc. (NYSE:HOUS - Free Report) by 52.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,682,561 shares of the company's stock after buying an additional 582,402 shares during the period. Goldman Sachs Group Inc. owned 1.50% of Anywhere Real Estate worth $5,603,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Strs Ohio acquired a new stake in shares of Anywhere Real Estate in the first quarter valued at approximately $64,000. Acadian Asset Management LLC acquired a new position in Anywhere Real Estate during the first quarter valued at approximately $380,000. Empowered Funds LLC lifted its stake in Anywhere Real Estate by 5.6% during the first quarter. Empowered Funds LLC now owns 608,172 shares of the company's stock worth $2,025,000 after purchasing an additional 32,108 shares during the last quarter. Aristeia Capital L.L.C. bought a new stake in Anywhere Real Estate during the first quarter worth $345,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Anywhere Real Estate during the first quarter worth $84,000. 97.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HOUS has been the subject of several recent analyst reports. Wall Street Zen cut Anywhere Real Estate from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Barclays upped their target price on Anywhere Real Estate from $3.00 to $3.50 and gave the stock an "underweight" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $4.00.

Anywhere Real Estate Stock Performance

NYSE HOUS opened at $7.24 on Tuesday. The firm's fifty day moving average price is $5.31 and its two-hundred day moving average price is $4.13. The stock has a market cap of $811.02 million, a PE ratio of -7.39 and a beta of 1.66. Anywhere Real Estate Inc. has a fifty-two week low of $2.71 and a fifty-two week high of $7.31. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.52 and a current ratio of 0.52.

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 for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). The company had revenue of $1.68 billion for 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 business's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 EPS. On average, equities analysts expect 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.

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