Hsbc Holdings PLC Has $352,000 Position in Anywhere Real Estate Inc. $HOUS

Key Points

• Hsbc Holdings PLC has reduced its stake in Anywhere Real Estate Inc. by 37.9%, owning 105,780 shares valued at $352,000 as of the end of the most recent quarter.
• In recent trading, Anywhere Real Estate's stock has shown a 1.0% increase and the firm has a market cap of approximately $669.88 million.
• Analysts have been critical of the stock, with Wall Street Zen downgrading it from a "hold" to a "sell" rating, while Barclays raised its price objective to $3.50, giving it an "underweight" rating.

Hsbc Holdings PLC cut its stake in Anywhere Real Estate Inc. (NYSE:HOUS - Free Report) by 37.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,780 shares of the company's stock after selling 64,483 shares during the quarter. Hsbc Holdings PLC owned 0.09% of Anywhere Real Estate worth $352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of HOUS. Vanguard Group Inc. increased its holdings in shares of Anywhere Real Estate by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 10,090,381 shares of the company's stock valued at $33,601,000 after purchasing an additional 60,440 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Anywhere Real Estate by 8.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,861,712 shares of the company's stock valued at $19,344,000 after purchasing an additional 433,960 shares during the period. D. E. Shaw & Co. Inc. boosted its position in Anywhere Real Estate by 10.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,425,405 shares of the company's stock worth $17,904,000 after acquiring an additional 517,606 shares during the period. RPD Fund Management LLC acquired a new stake in shares of Anywhere Real Estate during the fourth quarter worth $17,137,000. Finally, Gator Capital Management LLC increased its position in Anywhere Real Estate by 1.3% in the 1st quarter. Gator Capital Management LLC now owns 2,558,050 shares of the company's stock worth $8,518,000 after purchasing an additional 33,000 shares during the last quarter. Hedge funds and other institutional investors own 97.56% of the company's stock.

Anywhere Real Estate Trading Up 2.1%

HOUS stock traded up $0.14 during trading on Monday, reaching $6.60. 681,605 shares of the stock were exchanged, compared to its average volume of 1,164,876. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $738.80 million, a price-to-earnings ratio of -6.74 and a beta of 1.66. The business has a 50 day moving average price of $4.95 and a 200-day moving average price of $4.01. Anywhere Real Estate Inc. has a 1 year low of $2.71 and a 1 year high of $6.63.

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

Analysts Set New Price Targets

A number of brokerages recently commented on HOUS. Barclays lifted their price objective 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. Wall Street Zen downgraded 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, Anywhere Real Estate presently has a consensus rating of "Reduce" and an average price target of $4.00.

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.