Douglas Elliman Inc. (NYSE:DOUG) Stake Raised by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. grew its holdings in shares of Douglas Elliman Inc. (NYSE:DOUGFree Report) by 159.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,563,140 shares of the company’s stock after buying an additional 961,592 shares during the period. Jacobs Levy Equity Management Inc. owned 1.76% of Douglas Elliman worth $3,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DOUG. Heartland Advisors Inc. bought a new stake in Douglas Elliman during the third quarter worth approximately $531,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Douglas Elliman by 83.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 339,163 shares of the company’s stock worth $767,000 after purchasing an additional 154,779 shares in the last quarter. Levin Capital Strategies L.P. bought a new stake in Douglas Elliman during the third quarter worth approximately $56,000. Cambridge Investment Research Advisors Inc. raised its holdings in Douglas Elliman by 37.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 24,674 shares of the company’s stock worth $56,000 after purchasing an additional 6,786 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Douglas Elliman during the third quarter worth approximately $277,000. Institutional investors own 54.39% of the company’s stock.

Douglas Elliman Price Performance

Shares of NYSE:DOUG opened at $1.97 on Friday. The stock has a market cap of $180.32 million, a price-to-earnings ratio of -3.79 and a beta of 1.45. Douglas Elliman Inc. has a 12 month low of $1.57 and a 12 month high of $3.24. The stock’s 50 day moving average price is $2.09 and its 200 day moving average price is $2.17.

Douglas Elliman (NYSE:DOUGGet Free Report) last posted its quarterly earnings results on Friday, March 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.05). The business had revenue of $214.14 million during the quarter, compared to analyst estimates of $254.52 million. Douglas Elliman had a negative return on equity of 16.63% and a negative net margin of 4.45%. During the same quarter last year, the firm posted ($0.23) EPS. On average, sell-side analysts expect that Douglas Elliman Inc. will post 0.13 EPS for the current year.

Douglas Elliman Profile

(Free Report)

Douglas Elliman Inc owns Douglas Elliman Realty, LLC, operating as a residential brokerage company in the United States with operations in New York, Florida, California, Texas, Colorado, Nevada, Massachusetts, Connecticut, Maryland, Virginia and Washington, DC In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology (“PropTech”) solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets.

Further Reading

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Institutional Ownership by Quarter for Douglas Elliman (NYSE:DOUG)

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