Riverbend Wealth Management LLC Sells 32,662 Shares of Anywhere Real Estate Inc. $HOUS

Key Points

• Riverbend Wealth Management LLC reduced its stake in Anywhere Real Estate Inc. by 54.5%, selling 32,662 shares, and now holds 27,290 shares valued at $99,000.
• Despite strong institutional interest, with firms like Charles Schwab and Goldman Sachs significantly increasing their shares, Anywhere Real Estate reported EPS of $0.32, missing estimates.
• Analysts have set various price targets for the company's stock, with Compass Point setting a target at $11.00 while others have downgraded their ratings, leading to a consensus target price of $9.13.

Riverbend Wealth Management LLC trimmed its position in Anywhere Real Estate Inc. (NYSE:HOUS - Free Report) by 54.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,290 shares of the company's stock after selling 32,662 shares during the quarter. Riverbend Wealth Management LLC's holdings in Anywhere Real Estate were worth $99,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Anywhere Real Estate by 111.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,280,470 shares of the company's stock valued at $7,594,000 after acquiring an additional 1,200,823 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Anywhere Real Estate by 52.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,682,561 shares of the company's stock valued at $5,603,000 after purchasing an additional 582,402 shares during the last quarter. One William Street Capital Management L.P. bought a new position in Anywhere Real Estate during the 1st quarter valued at approximately $1,498,000. Nuveen LLC purchased a new stake in Anywhere Real Estate in the 1st quarter worth approximately $1,103,000. Finally, Walleye Capital LLC grew its position in shares of Anywhere Real Estate by 2,165.2% in the 1st quarter. Walleye Capital LLC now owns 198,075 shares of the company's stock worth $660,000 after buying an additional 207,666 shares during the last quarter. 97.56% of the stock is currently owned by institutional investors.

Anywhere Real Estate Stock Up 0.5%

NYSE:HOUS opened at $9.77 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.52. The firm's 50-day moving average price is $7.67 and its 200-day moving average price is $5.08. The company has a market capitalization of $1.09 billion, a PE ratio of -9.97 and a beta of 1.76. Anywhere Real Estate Inc. has a 1-year low of $2.71 and a 1-year high of $12.03.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Compass Point set a $11.00 target price on Anywhere Real Estate in a report on Tuesday, September 23rd. Wall Street Zen lowered shares of Anywhere Real Estate from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Anywhere Real Estate in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upgraded shares of Anywhere Real Estate from an "underweight" rating to a "neutral" rating and set a $10.00 price target on the stock in a research report on Monday, September 22nd. Finally, Barclays upgraded shares of Anywhere Real Estate from a "strong sell" rating to an "equal weight" rating and raised their price objective for the stock from $3.50 to $11.00 in a report on Tuesday, September 23rd. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Anywhere Real Estate currently has a consensus rating of "Reduce" and a consensus target price of $9.13.

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.

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