Hotchkis & Wiley Capital Management LLC Invests $2.79 Million in Douglas Elliman Inc. $DOUG

Key Points

• Hotchkis & Wiley Capital Management LLC has invested approximately $2.79 million in Douglas Elliman Inc. by purchasing 1,619,440 shares, representing about 1.82% of the company.
• Douglas Elliman's earnings report showed a loss of ($0.06) per share, missing the expected profit and raising concerns about the company's financial health.
• Wall Street Zen downgraded Douglas Elliman's stock rating from "hold" to "sell", indicating a lack of confidence in the stock's performance.

Hotchkis & Wiley Capital Management LLC purchased a new stake in Douglas Elliman Inc. (NYSE:DOUG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,619,440 shares of the company's stock, valued at approximately $2,785,000. Hotchkis & Wiley Capital Management LLC owned about 1.82% of Douglas Elliman as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. raised its holdings in Douglas Elliman by 5.3% during the 1st quarter. Jefferies Financial Group Inc. now owns 127,497 shares of the company's stock worth $219,000 after purchasing an additional 6,397 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Douglas Elliman by 17.7% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 82,330 shares of the company's stock worth $137,000 after buying an additional 12,381 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in Douglas Elliman by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 30,000 shares of the company's stock valued at $52,000 after buying an additional 15,000 shares during the period. Boothbay Fund Management LLC bought a new position in Douglas Elliman in the fourth quarter valued at approximately $27,000. Finally, Alpine Global Management LLC bought a new position in Douglas Elliman in the fourth quarter valued at approximately $28,000. 59.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Douglas Elliman from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd.

Douglas Elliman Stock Down 1.7%

Douglas Elliman stock opened at $2.68 on Wednesday. The firm has a market capitalization of $237.30 million, a price-to-earnings ratio of -3.61 and a beta of 1.78. The company's 50 day simple moving average is $2.51 and its 200 day simple moving average is $2.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.61 and a quick ratio of 3.61. Douglas Elliman Inc. has a fifty-two week low of $1.35 and a fifty-two week high of $3.20.

Douglas Elliman (NYSE:DOUG - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.09). The firm had revenue of $271.37 million during the quarter, compared to analyst estimates of $333.91 million. Douglas Elliman had a negative return on equity of 7.11% and a negative net margin of 5.98%.

About Douglas Elliman

Douglas Elliman Inc owns Douglas Elliman Realty, LLC, operating as a residential brokerage company in the United States with operations in New York, Florida, California, Texas, Colorado, Nevada, Massachusetts, Connecticut, Maryland, Virginia and Washington, DC In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology (“PropTech”) solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets.

Want to see what other hedge funds are holding DOUG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Douglas Elliman Inc. (NYSE:DOUG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.