Russell Investments Group Ltd. Reduces Position in Anywhere Real Estate Inc. $HOUS

Russell Investments Group Ltd. lessened its holdings in shares of Anywhere Real Estate Inc. (NYSE:HOUS) by 87.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,632 shares of the company’s stock after selling 699,248 shares during the period. Russell Investments Group Ltd. owned 0.09% of Anywhere Real Estate worth $325,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HOUS. RPD Fund Management LLC purchased a new stake in Anywhere Real Estate during the 4th quarter valued at about $17,137,000. Charles Schwab Investment Management Inc. grew its stake in Anywhere Real Estate by 111.2% during the 1st 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 in the last quarter. SG Americas Securities LLC grew its stake in Anywhere Real Estate by 5,654.0% during the 1st quarter. SG Americas Securities LLC now owns 1,146,715 shares of the company’s stock valued at $3,819,000 after acquiring an additional 1,126,786 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in Anywhere Real Estate by 10.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,425,405 shares of the company’s stock valued at $17,904,000 after acquiring an additional 517,606 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Anywhere Real Estate by 8.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,861,712 shares of the company’s stock valued at $19,344,000 after acquiring an additional 433,960 shares in the last quarter. Hedge funds and other institutional investors own 97.56% of the company’s stock.

Anywhere Real Estate Stock Performance

Anywhere Real Estate stock opened at $6.11 on Tuesday. The firm has a 50 day simple moving average of $4.75 and a 200-day simple moving average of $3.94. Anywhere Real Estate Inc. has a 1-year low of $2.71 and a 1-year high of $6.63. 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 stock has a market cap of $683.88 million, a price-to-earnings ratio of -6.23 and a beta of 1.66.

Anywhere Real Estate (NYSE:HOUS) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 EPS. On average, analysts expect that Anywhere Real Estate Inc. will post 0.05 EPS for the current year.

Analyst Upgrades and Downgrades

HOUS has been the subject of several research reports. Barclays upped their price objective on shares of Anywhere Real Estate from $3.00 to $3.50 and gave the company an “underweight” rating in a research note on Wednesday, July 30th. Wall Street Zen cut shares of Anywhere Real Estate from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $4.00.

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.