Bank of New York Mellon Corp Cuts Stock Holdings in Anywhere Real Estate Inc. (NYSE:HOUS)

Bank of New York Mellon Corp reduced its stake in Anywhere Real Estate Inc. (NYSE:HOUS) by 9.0% during the fourth quarter, HoldingsChannel reports. The firm owned 325,471 shares of the company’s stock after selling 32,119 shares during the period. Bank of New York Mellon Corp’s holdings in Anywhere Real Estate were worth $1,074,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HOUS. Intech Investment Management LLC purchased a new stake in shares of Anywhere Real Estate during the 3rd quarter valued at $233,000. Algert Global LLC increased its stake in Anywhere Real Estate by 18.7% in the third quarter. Algert Global LLC now owns 669,497 shares of the company’s stock valued at $3,401,000 after acquiring an additional 105,514 shares during the last quarter. FMR LLC raised its position in Anywhere Real Estate by 32.1% during the third quarter. FMR LLC now owns 612,697 shares of the company’s stock valued at $3,113,000 after purchasing an additional 148,938 shares in the last quarter. Townsquare Capital LLC bought a new stake in Anywhere Real Estate during the third quarter worth about $52,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Anywhere Real Estate by 4.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 245,270 shares of the company’s stock worth $1,246,000 after purchasing an additional 9,958 shares in the last quarter. 97.56% of the stock is currently owned by institutional investors.

Anywhere Real Estate Stock Performance

Anywhere Real Estate stock opened at $3.83 on Tuesday. The firm has a fifty day simple moving average of $3.61 and a two-hundred day simple moving average of $4.09. Anywhere Real Estate Inc. has a twelve month low of $2.71 and a twelve month high of $6.20. The company has a market capitalization of $427.62 million, a PE ratio of -3.30 and a beta of 2.46. The company has a quick ratio of 0.36, a current ratio of 0.33 and a debt-to-equity ratio of 1.38.

Anywhere Real Estate (NYSE:HOUS) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.09). Anywhere Real Estate had a negative return on equity of 5.88% and a negative net margin of 2.25%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. Research analysts expect that Anywhere Real Estate Inc. will post 0.05 EPS for the current year.

Analysts Set New Price Targets

Separately, Barclays decreased their price objective on Anywhere Real Estate from $4.00 to $3.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th.

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.