Anywhere Real Estate Sees Unusually High Options Volume (NYSE:HOUS)

Key Points

• Anywhere Real Estate Inc. (NYSE:HOUS) experienced a significant surge in call options trading, with 30,159 call options purchased, marking an increase of 1,904% compared to usual volumes.
• The company's stock rose 5.9% to $7.43, while its market capitalization stands at $831.78 million with a PE ratio of -7.58.
• Analyst ratings have turned bearish, with Barclays reducing the price target from $3.00 to $3.50 and assigning an underweight rating to the stock.

Anywhere Real Estate Inc. (NYSE:HOUS - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Investors bought 30,159 call options on the company. This represents an increase of approximately 1,904% compared to the typical volume of 1,505 call options.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays lifted their target price on shares of Anywhere Real Estate from $3.00 to $3.50 and gave the stock an "underweight" rating in a report on Wednesday, July 30th. Wall Street Zen cut shares of Anywhere Real Estate from a "hold" rating to a "sell" rating in a report 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. According to MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $4.00.

Institutional Investors Weigh In On Anywhere Real Estate

Hedge funds and other institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans purchased a new stake in shares of Anywhere Real Estate during the second quarter worth $357,000. MUFG Securities EMEA plc acquired a new stake in shares of Anywhere Real Estate in the second quarter valued at approximately $3,620,000. RPD Fund Management LLC boosted its holdings in shares of Anywhere Real Estate by 5.9% in the second quarter. RPD Fund Management LLC now owns 5,513,344 shares of the company's stock valued at $19,958,000 after acquiring an additional 308,737 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of Anywhere Real Estate by 2.8% during the second quarter. Bridgeway Capital Management LLC now owns 938,303 shares of the company's stock worth $3,397,000 after purchasing an additional 25,131 shares during the period. Finally, Brevan Howard Capital Management LP acquired a new stake in Anywhere Real Estate in the second quarter valued at $126,000. Institutional investors and hedge funds own 97.56% of the company's stock.

Anywhere Real Estate Trading Down 4.3%

HOUS traded down $0.32 during trading on Friday, hitting $7.05. 3,478,427 shares of the stock traded hands, compared to its average volume of 1,349,467. 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 has a 50-day moving average of $5.56 and a 200 day moving average of $4.23. The firm has a market capitalization of $789.18 million, a P/E ratio of -7.19 and a beta of 1.66. Anywhere Real Estate has a 12-month low of $2.71 and a 12-month high of $7.55.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last announced its quarterly 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). The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate 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 business's revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Equities research analysts anticipate that Anywhere Real Estate will post 0.05 EPS for the current year.

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.