Ethic Inc. Makes New Investment in Anywhere Real Estate Inc. (NYSE:HOUS)

Ethic Inc. bought a new position in shares of Anywhere Real Estate Inc. (NYSE:HOUS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 26,226 shares of the company’s stock, valued at approximately $87,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HOUS. Barclays PLC boosted its holdings in Anywhere Real Estate by 725.7% during the third quarter. Barclays PLC now owns 1,436,706 shares of the company’s stock worth $7,297,000 after buying an additional 1,262,714 shares during the last quarter. Gator Capital Management LLC boosted its holdings in Anywhere Real Estate by 42.8% during the fourth quarter. Gator Capital Management LLC now owns 2,525,050 shares of the company’s stock worth $8,333,000 after buying an additional 756,800 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Anywhere Real Estate by 10.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,425,405 shares of the company’s stock worth $17,904,000 after buying an additional 517,606 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Anywhere Real Estate by 198.7% during the fourth quarter. Franklin Resources Inc. now owns 762,767 shares of the company’s stock worth $2,517,000 after buying an additional 507,396 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Anywhere Real Estate by 8.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,861,712 shares of the company’s stock worth $19,344,000 after buying an additional 433,960 shares during the last quarter. Institutional investors own 97.56% of the company’s stock.

Anywhere Real Estate Trading Up 2.6%

NYSE:HOUS opened at $3.78 on Monday. Anywhere Real Estate Inc. has a fifty-two week low of $2.71 and a fifty-two week high of $5.95. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.33 and a quick ratio of 0.36. The stock has a market capitalization of $422.06 million, a PE ratio of -3.25 and a beta of 1.87. The business’s 50-day simple moving average is $3.41 and its 200-day simple moving average is $3.68.

Anywhere Real Estate (NYSE:HOUS) last released its quarterly earnings data on Tuesday, April 29th. The company reported ($0.57) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($0.06). Anywhere Real Estate had a negative net margin of 2.25% and a negative return on equity of 5.88%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the firm earned ($0.91) EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts expect that Anywhere Real Estate Inc. will post 0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reduced their target price on Anywhere Real Estate from $5.00 to $4.50 and set a “market perform” rating on the stock in a report on Monday, April 28th.

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.