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

Saba Capital Management L.P. raised its holdings in Anywhere Real Estate Inc. (NYSE:HOUS - Free Report) by 31.5% in the fourth 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.

Other institutional investors have also added to or reduced their stakes in the company. Mraz Amerine & Associates Inc. acquired a new stake in shares of Anywhere Real Estate during the fourth quarter worth about $33,000. RPO LLC acquired a new position in Anywhere Real Estate in the 4th quarter worth approximately $43,000. AXQ Capital LP purchased a new position in Anywhere Real Estate during the 4th quarter worth approximately $49,000. First Trust Advisors LP acquired a new stake in Anywhere Real Estate during the 4th quarter valued at approximately $50,000. Finally, Empirical Asset Management LLC purchased a new stake in shares of Anywhere Real Estate in the 4th quarter valued at $52,000. Institutional investors and hedge funds own 97.56% of the company's stock.

Wall Street Analysts Forecast Growth

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

Anywhere Real Estate Stock Performance

Shares of HOUS traded down $0.05 during trading hours on Thursday, hitting $3.23. The stock had a trading volume of 363,930 shares, compared to its average volume of 1,313,571. The firm has a 50-day moving average price of $3.42 and a 200 day moving average price of $3.68. Anywhere Real Estate Inc. has a fifty-two week low of $2.71 and a fifty-two week high of $5.95. The firm has a market capitalization of $360.57 million, a price-to-earnings ratio of -2.78 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 issued 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 return on equity of 5.88% and a negative net margin of 2.25%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the company posted ($0.91) EPS. The company's revenue was up 6.9% on a year-over-year basis. As a group, research analysts anticipate that Anywhere Real Estate Inc. will post 0.05 EPS for the current year.

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.