Riverbend Wealth Management LLC Makes New $109,000 Investment in Anywhere Real Estate Inc. (NYSE:HOUS)

Riverbend Wealth Management LLC bought a new stake in Anywhere Real Estate Inc. (NYSE:HOUS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 33,100 shares of the company’s stock, valued at approximately $109,000.

Other hedge funds have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its position in Anywhere Real Estate by 565.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,751,445 shares of the company’s stock valued at $8,897,000 after acquiring an additional 1,488,226 shares during the period. Barclays PLC increased its holdings in shares of Anywhere Real Estate by 725.7% in the third quarter. Barclays PLC now owns 1,436,706 shares of the company’s stock valued at $7,297,000 after purchasing an additional 1,262,714 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Anywhere Real Estate by 5,035.3% in the third 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 period. Whitebox Advisors LLC raised its stake in shares of Anywhere Real Estate by 165.7% during the third quarter. Whitebox Advisors LLC now owns 398,489 shares of the company’s stock worth $2,024,000 after purchasing an additional 248,489 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Anywhere Real Estate during the fourth quarter worth $543,000. Institutional investors and hedge funds own 97.56% of the company’s stock.

Anywhere Real Estate Trading Down 3.0 %

NYSE HOUS opened at $3.39 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 0.33 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $376.62 million, a P/E ratio of -2.92 and a beta of 2.46. Anywhere Real Estate Inc. has a 52-week low of $2.71 and a 52-week high of $6.26. The firm has a 50-day moving average price of $3.52 and a 200 day moving average price of $4.19.

Anywhere Real Estate (NYSE:HOUS) last issued its earnings results on Thursday, February 13th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Equities research analysts expect that Anywhere Real Estate Inc. will post 0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Barclays dropped their price objective on shares of Anywhere Real Estate from $4.00 to $3.00 and set an “underweight” rating on the stock in a research note 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.