Anywhere Real Estate Inc. (NYSE:HOUS) Short Interest Update

Anywhere Real Estate Inc. (NYSE:HOUS) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 8,460,000 shares, a growth of 5.2% from the March 15th total of 8,040,000 shares. Based on an average daily volume of 1,070,000 shares, the short-interest ratio is currently 7.9 days. Currently, 8.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HOUS. Stephens lifted their price target on Anywhere Real Estate from $5.50 to $8.00 and gave the stock an “equal weight” rating in a report on Friday, February 16th. Barclays boosted their price objective on Anywhere Real Estate from $4.50 to $5.00 and gave the stock an “underweight” rating in a report on Tuesday, February 20th.

Institutional Investors Weigh In On Anywhere Real Estate

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Angelo Gordon & CO. L.P. raised its position in shares of Anywhere Real Estate by 3.5% in the fourth quarter. Angelo Gordon & CO. L.P. now owns 9,692,993 shares of the company’s stock valued at $78,610,000 after buying an additional 330,288 shares in the last quarter. Southeastern Asset Management Inc. TN raised its position in shares of Anywhere Real Estate by 3.1% in the first quarter. Southeastern Asset Management Inc. TN now owns 6,745,781 shares of the company’s stock valued at $35,618,000 after buying an additional 201,824 shares in the last quarter. Sixth Street Partners Management Company L.P. raised its position in shares of Anywhere Real Estate by 3.4% in the third quarter. Sixth Street Partners Management Company L.P. now owns 5,423,280 shares of the company’s stock valued at $34,872,000 after buying an additional 176,300 shares in the last quarter. Bank of America Corp DE raised its position in shares of Anywhere Real Estate by 65.1% in the first quarter. Bank of America Corp DE now owns 5,115,071 shares of the company’s stock valued at $27,008,000 after buying an additional 2,016,180 shares in the last quarter. Finally, State Street Corp raised its position in shares of Anywhere Real Estate by 0.7% in the second quarter. State Street Corp now owns 4,421,721 shares of the company’s stock valued at $29,537,000 after buying an additional 30,632 shares in the last quarter. 97.56% of the stock is currently owned by institutional investors and hedge funds.

Anywhere Real Estate Trading Up 1.4 %

Shares of NYSE:HOUS opened at $5.38 on Thursday. Anywhere Real Estate has a 12-month low of $4.09 and a 12-month high of $9.43. The stock has a market cap of $597.08 million, a PE ratio of -5.91 and a beta of 2.46. The business has a 50 day moving average of $6.04 and a 200-day moving average of $6.11. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 1.40.

Anywhere Real Estate (NYSE:HOUS) last released its quarterly earnings results on Thursday, February 15th. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.07. Anywhere Real Estate had a negative net margin of 1.72% and a negative return on equity of 7.23%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the business earned ($0.85) earnings per share. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. As a group, equities research analysts forecast that Anywhere Real Estate will post -0.03 earnings per share for the current year.

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.