Los Angeles Capital Management LLC Purchases New Shares in Anywhere Real Estate Inc. $HOUS

Los Angeles Capital Management LLC acquired a new position in Anywhere Real Estate Inc. (NYSE:HOUS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,655 shares of the company’s stock, valued at approximately $53,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CWM LLC lifted its position in Anywhere Real Estate by 170.5% during the 1st quarter. CWM LLC now owns 40,244 shares of the company’s stock worth $134,000 after buying an additional 25,365 shares in the last quarter. Readystate Asset Management LP raised its stake in shares of Anywhere Real Estate by 24.7% in the first quarter. Readystate Asset Management LP now owns 705,334 shares of the company’s stock worth $2,349,000 after acquiring an additional 139,626 shares during the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of Anywhere Real Estate during the first quarter worth approximately $43,000. Federated Hermes Inc. grew its stake in shares of Anywhere Real Estate by 14.9% during the first quarter. Federated Hermes Inc. now owns 73,885 shares of the company’s stock valued at $246,000 after purchasing an additional 9,591 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Anywhere Real Estate by 0.6% in the first quarter. Vanguard Group Inc. now owns 10,090,381 shares of the company’s stock valued at $33,601,000 after purchasing an additional 60,440 shares in the last quarter. 97.56% of the stock is currently owned by institutional investors and hedge funds.

Anywhere Real Estate Trading Down 0.4%

NYSE:HOUS opened at $12.47 on Wednesday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.52. Anywhere Real Estate Inc. has a 1-year low of $2.71 and a 1-year high of $12.93. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -10.75 and a beta of 1.83. The business’s 50-day moving average price is $10.05 and its two-hundred day moving average price is $6.40.

Anywhere Real Estate (NYSE:HOUS) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.30). The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.53 billion. Anywhere Real Estate had a negative net margin of 2.18% and a negative return on equity of 5.04%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $0.06 earnings per share. On average, equities analysts expect that Anywhere Real Estate Inc. will post 0.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HOUS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Anywhere Real Estate in a report on Wednesday, October 8th. Compass Point set a $11.00 target price on Anywhere Real Estate in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. upgraded Anywhere Real Estate from an “underweight” rating to a “neutral” rating and set a $10.00 price target on the stock in a report on Monday, September 22nd. Barclays boosted their price objective on Anywhere Real Estate from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 12th. Finally, Wall Street Zen lowered shares of Anywhere Real Estate from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $11.25.

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.