Saba Capital Management L.P. Grows Stock Holdings in Anywhere Real Estate Inc. (NYSE:HOUS)

Saba Capital Management L.P. raised its position in shares of Anywhere Real Estate Inc. (NYSE:HOUS - Free Report) by 31.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 561,977 shares of the company's stock after buying an additional 134,691 shares during the quarter. Saba Capital Management L.P. owned about 0.51% of Anywhere Real Estate worth $1,855,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Virtu Financial LLC raised its position in shares of Anywhere Real Estate by 71.2% in the 4th quarter. Virtu Financial LLC now owns 26,200 shares of the company's stock valued at $86,000 after purchasing an additional 10,895 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Anywhere Real Estate in the 4th quarter valued at approximately $73,000. Raymond James Financial Inc. purchased a new position in shares of Anywhere Real Estate in the 4th quarter valued at approximately $543,000. Invesco Ltd. raised its position in shares of Anywhere Real Estate by 1.9% in the 4th quarter. Invesco Ltd. now owns 179,612 shares of the company's stock valued at $593,000 after purchasing an additional 3,327 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Anywhere Real Estate by 25.2% in the 4th quarter. Wells Fargo & Company MN now owns 58,507 shares of the company's stock valued at $193,000 after purchasing an additional 11,779 shares during the last quarter. 97.56% of the stock is owned by hedge funds and other institutional investors.

Anywhere Real Estate Price Performance

Anywhere Real Estate stock opened at $3.78 on Friday. The company's fifty day moving average price is $3.41 and its 200 day moving average price is $3.68. Anywhere Real Estate Inc. has a 1 year low of $2.71 and a 1 year high of $5.95. The stock has a market capitalization of $422.06 million, a P/E ratio of -3.25 and a beta of 1.87. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.36 and a current ratio of 0.33.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported ($0.57) earnings per share for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.06). Anywhere Real Estate had a negative net margin of 2.25% and a negative return on equity of 5.88%. The firm had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.13 billion. During the same quarter in the previous year, the business posted ($0.91) EPS. The company's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities research analysts anticipate that Anywhere Real Estate Inc. will post 0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reduced their price target on shares of Anywhere Real Estate from $5.00 to $4.50 and set a "market perform" rating for the company in a research report on Monday, April 28th.

About Anywhere Real Estate

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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