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

Several other hedge funds have also recently modified their holdings of HOUS. ProShare Advisors LLC grew its holdings in Anywhere Real Estate by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 27,640 shares of the company's stock valued at $91,000 after purchasing an additional 9,095 shares during the period. Federated Hermes Inc. grew its holdings in Anywhere Real Estate by 14.9% during the first quarter. Federated Hermes Inc. now owns 73,885 shares of the company's stock valued at $246,000 after purchasing an additional 9,591 shares during the period. Ballentine Partners LLC bought a new position in Anywhere Real Estate during the first quarter valued at $39,000. Avantax Advisory Services Inc. bought a new position in Anywhere Real Estate during the first quarter valued at $43,000. Finally, Pallas Capital Advisors LLC bought a new position in Anywhere Real Estate during the first quarter valued at $52,000. Institutional investors own 97.56% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Anywhere Real Estate from $3.00 to $3.50 and gave the company an "underweight" rating in a research note on Wednesday, July 30th. Wall Street Zen lowered shares of Anywhere Real Estate from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $4.00.

Anywhere Real Estate Price Performance

Shares of NYSE HOUS traded down $0.32 during mid-day trading on Friday, reaching $7.05. 3,478,427 shares of the company were exchanged, compared to its average volume of 1,349,467. Anywhere Real Estate Inc. has a 52 week low of $2.71 and a 52 week high of $7.55. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $789.21 million, a PE ratio of -7.19 and a beta of 1.66. The company's 50 day moving average price is $5.56 and its 200 day moving average price is $4.23.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The business 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 business's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share. Sell-side analysts forecast that Anywhere Real Estate Inc. will post 0.05 earnings per share for the current fiscal year.

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.