Bank of New York Mellon Corp Cuts Stock Holdings in Anywhere Real Estate Inc. (NYSE:HOUS)

Bank of New York Mellon Corp reduced its position in shares of Anywhere Real Estate Inc. (NYSE:HOUS) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,249,686 shares of the company’s stock after selling 9,489 shares during the period. Bank of New York Mellon Corp owned approximately 1.13% of Anywhere Real Estate worth $8,348,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HOUS. Metropolitan Life Insurance Co NY purchased a new position in Anywhere Real Estate during the fourth quarter worth about $44,000. State of Wyoming purchased a new position in Anywhere Real Estate in the fourth quarter valued at about $46,000. American Century Companies Inc. purchased a new position in Anywhere Real Estate in the fourth quarter valued at about $64,000. HighTower Advisors LLC purchased a new position in Anywhere Real Estate in the first quarter valued at about $65,000. Finally, Mariner LLC purchased a new position in Anywhere Real Estate in the fourth quarter valued at about $70,000. 97.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Enrique Silva bought 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were purchased at an average price of $5.42 per share, for a total transaction of $81,300.00. Following the completion of the transaction, the director now owns 112,216 shares in the company, valued at $608,210.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HOUS shares. Stephens dropped their target price on shares of Anywhere Real Estate from $9.50 to $5.50 and set an “equal weight” rating for the company in a report on Wednesday, October 25th. Barclays dropped their target price on shares of Anywhere Real Estate from $5.00 to $4.50 and set an “underweight” rating for the company in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $6.00.

Anywhere Real Estate Stock Up 3.0 %

HOUS stock opened at $5.11 on Friday. The company’s 50 day simple moving average is $5.66 and its 200-day simple moving average is $6.34. The firm has a market capitalization of $564.60 million, a PE ratio of -1.25 and a beta of 2.44. Anywhere Real Estate Inc. has a 12 month low of $4.09 and a 12 month high of $9.85. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.50 and a quick ratio of 0.50.

Anywhere Real Estate (NYSE:HOUS) last released its quarterly earnings results on Tuesday, October 24th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.58 billion. Anywhere Real Estate had a negative net margin of 7.76% and a negative return on equity of 9.07%. Equities analysts expect that Anywhere Real Estate Inc. will post -0.94 earnings per share for the current fiscal year.

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.