Jacobs Levy Equity Management Inc. Decreases Holdings in Douglas Elliman Inc. $DOUG

Key Points

• Jacobs Levy Equity Management Inc. has reduced its stake in Douglas Elliman Inc. by 58.5%, leaving it with 406,778 shares valued at approximately $700,000 as of its latest SEC filing.
• Douglas Elliman recently reported a loss of $0.06 earnings per share for the quarter, missing analyst expectations and marking a negative net margin of 5.98%.
• Wall Street Zen downgraded Douglas Elliman's rating from "hold" to "sell", reflecting increasing concerns about the company's performance.

Jacobs Levy Equity Management Inc. decreased its stake in Douglas Elliman Inc. (NYSE:DOUG - Free Report) by 58.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 406,778 shares of the company's stock after selling 572,647 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.46% of Douglas Elliman worth $700,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cubist Systematic Strategies LLC boosted its position in Douglas Elliman by 218.1% during the fourth quarter. Cubist Systematic Strategies LLC now owns 243,678 shares of the company's stock worth $407,000 after purchasing an additional 167,070 shares in the last quarter. Bank of America Corp DE boosted its position in Douglas Elliman by 1,112.0% during the fourth quarter. Bank of America Corp DE now owns 151,291 shares of the company's stock worth $253,000 after purchasing an additional 138,808 shares in the last quarter. Squarepoint Ops LLC boosted its position in Douglas Elliman by 220.7% during the fourth quarter. Squarepoint Ops LLC now owns 229,192 shares of the company's stock worth $383,000 after purchasing an additional 157,718 shares in the last quarter. Two Sigma Investments LP boosted its position in Douglas Elliman by 213.8% during the fourth quarter. Two Sigma Investments LP now owns 262,023 shares of the company's stock worth $438,000 after purchasing an additional 178,519 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in Douglas Elliman during the fourth quarter worth approximately $274,000. Hedge funds and other institutional investors own 59.56% of the company's stock.

Douglas Elliman Trading Up 6.9%

Douglas Elliman stock traded up $0.20 during mid-day trading on Thursday, hitting $3.10. The company's stock had a trading volume of 896,478 shares, compared to its average volume of 466,543. The firm has a market capitalization of $275.00 million, a PE ratio of -4.19 and a beta of 1.77. Douglas Elliman Inc. has a 1 year low of $1.35 and a 1 year high of $3.20. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.35. The stock's fifty day moving average is $2.61 and its two-hundred day moving average is $2.26.

Douglas Elliman (NYSE:DOUG - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $271.37 million during the quarter, compared to analysts' expectations of $333.91 million. Douglas Elliman had a negative return on equity of 7.11% and a negative net margin of 5.98%.

Analysts Set New Price Targets

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

Douglas Elliman Company Profile

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.