Anywhere Real Estate Sees Unusually Large Options Volume (NYSE:HOUS)

Anywhere Real Estate Inc. (NYSE:HOUS) saw unusually large options trading on Tuesday. Stock traders bought 21,700 put options on the stock. This represents an increase of approximately 2,678% compared to the average daily volume of 781 put options.

Anywhere Real Estate Trading Up 2.4 %

Anywhere Real Estate stock traded up $0.12 during trading hours on Tuesday, hitting $5.20. The company had a trading volume of 1,006,690 shares, compared to its average volume of 1,418,917. The company has a 50-day moving average price of $4.88 and a two-hundred day moving average price of $4.71. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.38 and a current ratio of 0.38. Anywhere Real Estate has a 1 year low of $3.01 and a 1 year high of $8.40. The firm has a market cap of $577.76 million, a P/E ratio of -9.02 and a beta of 2.30.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Anywhere Real Estate

Several large investors have recently modified their holdings of the business. Cibc World Markets Corp bought a new position in Anywhere Real Estate in the fourth quarter worth about $2,230,000. Angelo Gordon & CO. L.P. increased its position in shares of Anywhere Real Estate by 3.5% during the fourth quarter. Angelo Gordon & CO. L.P. now owns 9,692,993 shares of the company’s stock worth $78,610,000 after purchasing an additional 330,288 shares in the last quarter. Counterpoint Mutual Funds LLC lifted its holdings in shares of Anywhere Real Estate by 307.0% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 50,936 shares of the company’s stock valued at $315,000 after purchasing an additional 38,421 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Anywhere Real Estate in the 1st quarter worth $72,000. Finally, Norden Group LLC acquired a new position in Anywhere Real Estate during the 1st quarter valued at about $166,000. Institutional investors 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.