Anywhere Real Estate (NYSE:HOUS) Stock Price Down 2.9% – Time to Sell?

Anywhere Real Estate Inc. (NYSE:HOUS) was down 2.9% during mid-day trading on Wednesday . The stock traded as low as $4.97 and last traded at $4.98. Approximately 181,841 shares traded hands during trading, a decline of 87% from the average daily volume of 1,357,357 shares. The stock had previously closed at $5.13.

Anywhere Real Estate Trading Down 4.3 %

The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.34. The business’s 50 day moving average is $4.52 and its 200-day moving average is $4.40.

Anywhere Real Estate (NYSE:HOUS) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.18). Anywhere Real Estate had a negative net margin of 3.06% and a negative return on equity of 6.46%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the business posted $0.15 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. Research analysts forecast that Anywhere Real Estate Inc. will post -0.52 EPS for the current year.

Institutional Investors Weigh In On Anywhere Real Estate

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in Anywhere Real Estate by 16.0% during the second quarter. Dimensional Fund Advisors LP now owns 5,556,365 shares of the company’s stock valued at $18,391,000 after acquiring an additional 768,361 shares during the period. Bank of Montreal Can grew its holdings in shares of Anywhere Real Estate by 1,210.8% during the 2nd quarter. Bank of Montreal Can now owns 2,922,639 shares of the company’s stock worth $9,674,000 after purchasing an additional 2,699,671 shares in the last quarter. Millennium Management LLC increased its position in shares of Anywhere Real Estate by 29,696.5% during the second quarter. Millennium Management LLC now owns 2,034,508 shares of the company’s stock valued at $6,734,000 after purchasing an additional 2,027,680 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Anywhere Real Estate by 565.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,751,445 shares of the company’s stock valued at $8,897,000 after purchasing an additional 1,488,226 shares in the last quarter. Finally, Barclays PLC lifted its position in Anywhere Real Estate by 725.7% in the third quarter. Barclays PLC now owns 1,436,706 shares of the company’s stock worth $7,297,000 after purchasing an additional 1,262,714 shares during the period. Institutional investors and hedge funds own 97.56% of the company’s stock.

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.