Anywhere Real Estate Inc. (NYSE:HOUS) Sees Significant Drop in Short Interest

Anywhere Real Estate Inc. (NYSE:HOUS) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 3,710,000 shares, a decrease of 9.1% from the November 15th total of 4,080,000 shares. Approximately 3.8% of the company’s shares are short sold. Based on an average trading volume of 1,120,000 shares, the short-interest ratio is currently 3.3 days.

Institutional Trading of Anywhere Real Estate

A number of institutional investors and hedge funds have recently bought and sold shares of HOUS. Cubist Systematic Strategies LLC boosted its holdings in Anywhere Real Estate by 441.2% in the second quarter. Cubist Systematic Strategies LLC now owns 899,722 shares of the company’s stock valued at $2,978,000 after purchasing an additional 733,462 shares during the period. Whitebox Advisors LLC raised its holdings in Anywhere Real Estate by 165.7% in the third quarter. Whitebox Advisors LLC now owns 398,489 shares of the company’s stock valued at $2,024,000 after acquiring an additional 248,489 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Anywhere Real Estate by 5,035.3% in the 3rd quarter. GSA Capital Partners LLP now owns 629,485 shares of the company’s stock valued at $3,198,000 after purchasing an additional 617,227 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Anywhere Real Estate during the second quarter worth $604,000. Finally, FMR LLC lifted its holdings in Anywhere Real Estate by 32.1% during the 3rd quarter. FMR LLC now owns 612,697 shares of the company’s stock worth $3,113,000 after buying an additional 148,938 shares during the last quarter. 97.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Barclays raised their price objective on Anywhere Real Estate from $3.50 to $4.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 11th.

Anywhere Real Estate Trading Down 1.8 %

Shares of NYSE:HOUS traded down $0.08 during mid-day trading on Tuesday, reaching $4.19. 783,109 shares of the company were exchanged, compared to its average volume of 1,318,344. The firm has a market cap of $465.62 million, a price-to-earnings ratio of -2.75 and a beta of 2.32. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.36 and a quick ratio of 0.36. Anywhere Real Estate has a 1 year low of $3.01 and a 1 year high of $8.40. The firm’s 50-day simple moving average is $4.36 and its 200 day simple moving average is $4.38.

Anywhere Real Estate (NYSE:HOUS) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.18). The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Anywhere Real Estate had a negative return on equity of 6.46% and a negative net margin of 3.06%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. Equities research analysts forecast that Anywhere Real Estate will post -0.7 EPS 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.