Rhumbline Advisers Decreases Stock Holdings in Anywhere Real Estate Inc. (NYSE:HOUS)

Rhumbline Advisers lowered its position in Anywhere Real Estate Inc. (NYSE:HOUS) by 50.4% during the second quarter, HoldingsChannel.com reports. The fund owned 180,420 shares of the company’s stock after selling 183,331 shares during the quarter. Rhumbline Advisers’ holdings in Anywhere Real Estate were worth $597,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HOUS. Versor Investments LP purchased a new stake in shares of Anywhere Real Estate in the second quarter valued at about $54,000. Allegheny Financial Group LTD purchased a new position in shares of Anywhere Real Estate during the 1st quarter worth approximately $67,000. Optas LLC acquired a new position in shares of Anywhere Real Estate during the 2nd quarter worth approximately $68,000. Allspring Global Investments Holdings LLC purchased a new stake in Anywhere Real Estate in the 1st quarter valued at approximately $72,000. Finally, Bayesian Capital Management LP acquired a new stake in Anywhere Real Estate during the 1st quarter valued at $76,000. 97.56% of the stock is owned by hedge funds and other institutional investors.

Anywhere Real Estate Stock Performance

Shares of NYSE HOUS opened at $5.57 on Wednesday. The company has a 50-day simple moving average of $4.83 and a 200-day simple moving average of $4.73. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.38 and a quick ratio of 0.38. The company has a market cap of $618.87 million, a PE ratio of -9.95 and a beta of 2.30. Anywhere Real Estate Inc. has a 12 month low of $3.01 and a 12 month high of $8.40.

Anywhere Real Estate (NYSE:HOUS) last released its earnings results on Thursday, August 1st. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Anywhere Real Estate had a negative net margin of 0.87% and a negative return on equity of 5.65%. Anywhere Real Estate’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS. On average, equities analysts anticipate that Anywhere Real Estate Inc. will post -0.55 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Barclays cut their price target on Anywhere Real Estate from $4.50 to $3.50 and set an “underweight” rating for the company in a report on Friday, July 12th.

About Anywhere Real Estate

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.