Jump Financial LLC Sells 55,617 Shares of Anywhere Real Estate Inc. $HOUS

Key Points

• Jump Financial LLC has reduced its stake in Anywhere Real Estate Inc. by 50.4%, selling 55,617 shares and retaining 54,767 shares valued at $182,000.
• Recent analyst ratings include a downgrade from Wall Street Zen from "hold" to "sell," while Barclays increased the target price for the stock from $3.00 to $3.50, reflecting an average target of $4.00.
• Anywhere Real Estate has shown mixed earnings performance, reporting a quarterly EPS of $0.32, missing the consensus estimate, and revenue of $1.68 billion, below analyst expectations of $1.77 billion.

Jump Financial LLC trimmed its holdings in Anywhere Real Estate Inc. (NYSE:HOUS - Free Report) by 50.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,767 shares of the company's stock after selling 55,617 shares during the period. Jump Financial LLC's holdings in Anywhere Real Estate were worth $182,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in HOUS. Ballentine Partners LLC bought a new stake in Anywhere Real Estate during the 1st quarter valued at approximately $39,000. Avantax Advisory Services Inc. purchased a new position in shares of Anywhere Real Estate in the first quarter worth $43,000. First Trust Advisors LP bought a new position in shares of Anywhere Real Estate during the fourth quarter worth $50,000. Pallas Capital Advisors LLC bought a new position in shares of Anywhere Real Estate during the first quarter worth $52,000. Finally, Cetera Investment Advisers purchased a new position in Anywhere Real Estate during the fourth quarter valued at $77,000. Institutional investors own 97.56% of the company's stock.

Anywhere Real Estate Trading Up 3.9%

Shares of NYSE:HOUS traded up $0.25 during trading on Friday, reaching $6.46. The company's stock had a trading volume of 1,374,871 shares, compared to its average volume of 1,240,396. The stock has a market capitalization of $723.09 million, a PE ratio of -6.59 and a beta of 1.66. Anywhere Real Estate Inc. has a 12 month low of $2.71 and a 12 month high of $6.63. 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's 50 day simple moving average is $4.95 and its two-hundred day simple moving average is $4.01.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations 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 company's revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. On average, research analysts predict that Anywhere Real Estate Inc. will post 0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HOUS shares. Barclays raised their target price 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 downgraded Anywhere Real Estate from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $4.00.

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.