Charles Schwab Investment Management Inc. Reduces Stock Position in Anywhere Real Estate Inc. (NYSE:HOUS)

Charles Schwab Investment Management Inc. decreased its position in Anywhere Real Estate Inc. (NYSE:HOUS) by 14.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,295,896 shares of the company’s stock after selling 211,983 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Anywhere Real Estate were worth $6,583,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Cubist Systematic Strategies LLC boosted its position in Anywhere Real Estate by 441.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 899,722 shares of the company’s stock valued at $2,978,000 after purchasing an additional 733,462 shares during the period. GSA Capital Partners LLP raised its stake in shares of Anywhere Real Estate by 5,035.3% in the 3rd quarter. GSA Capital Partners LLP now owns 629,485 shares of the company’s stock worth $3,198,000 after buying an additional 617,227 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Anywhere Real Estate in the 2nd quarter worth $604,000. Marshall Wace LLP bought a new stake in shares of Anywhere Real Estate in the 2nd quarter worth $1,366,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Anywhere Real Estate by 565.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,751,445 shares of the company’s stock worth $8,897,000 after purchasing an additional 1,488,226 shares during the period. Institutional investors and hedge funds own 97.56% of the company’s stock.

Anywhere Real Estate Stock Performance

HOUS opened at $4.55 on Thursday. The company has a market cap of $505.69 million, a PE ratio of -2.93 and a beta of 2.31. The stock has a 50-day moving average of $4.41 and a 200-day moving average of $4.38. Anywhere Real Estate Inc. has a 52-week low of $3.01 and a 52-week high of $8.40. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.36 and a current ratio of 0.36.

Anywhere Real Estate (NYSE:HOUS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.18). Anywhere Real Estate had a negative return on equity of 6.46% and a negative net margin of 3.06%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the firm posted $0.15 EPS. Anywhere Real Estate’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, equities research analysts forecast that Anywhere Real Estate Inc. will post -0.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Barclays boosted their target price on Anywhere Real Estate from $3.50 to $4.00 and gave the stock an “underweight” rating in a research report on Wednesday.

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.