Anywhere Real Estate (NYSE:HOUS) Stock Price Down 2.9% – Here’s Why

Anywhere Real Estate Inc. (NYSE:HOUS)’s stock price was down 2.9% on Wednesday . The company traded as low as $4.97 and last traded at $4.98. Approximately 181,841 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 1,357,357 shares. The stock had previously closed at $5.13.

Anywhere Real Estate Stock Performance

The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.34. The company’s 50-day moving average is $4.52 and its 200-day moving average is $4.40.

Anywhere Real Estate (NYSE:HOUS) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.18). Anywhere Real Estate had a negative net margin of 3.06% and a negative return on equity of 6.46%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the company earned $0.15 EPS. The company’s revenue was down 3.1% compared to the same quarter last year. On average, sell-side analysts forecast that Anywhere Real Estate Inc. will post -0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Anywhere Real Estate

A number of hedge funds have recently modified their holdings of HOUS. Nemes Rush Group LLC raised its stake in shares of Anywhere Real Estate by 16.7% in the 2nd quarter. Nemes Rush Group LLC now owns 17,500 shares of the company’s stock valued at $58,000 after purchasing an additional 2,500 shares during the period. Virtu Financial LLC increased its stake in shares of Anywhere Real Estate by 24.6% during the 3rd quarter. Virtu Financial LLC now owns 15,305 shares of the company’s stock worth $78,000 after purchasing an additional 3,022 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in Anywhere Real Estate by 3.5% during the second quarter. SummerHaven Investment Management LLC now owns 106,951 shares of the company’s stock worth $354,000 after purchasing an additional 3,602 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Anywhere Real Estate by 6.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 79,989 shares of the company’s stock worth $495,000 after acquiring an additional 4,527 shares during the period. Finally, Quarry LP bought a new stake in Anywhere Real Estate in the 3rd quarter valued at $26,000. Institutional investors and hedge funds own 97.56% of the company’s stock.

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.