Connor Clark & Lunn Investment Management Ltd. Cuts Stock Holdings in Anywhere Real Estate Inc. (NYSE:HOUS)

Connor Clark & Lunn Investment Management Ltd. reduced its position in shares of Anywhere Real Estate Inc. (NYSE:HOUS) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,692,702 shares of the company’s stock after selling 58,743 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.52% of Anywhere Real Estate worth $5,586,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its position 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 last quarter. Whitebox Advisors LLC boosted its position in 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 acquiring an additional 248,489 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Anywhere Real Estate during the fourth quarter worth approximately $543,000. JPMorgan Chase & Co. boosted its position in Anywhere Real Estate by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 1,475,022 shares of the company’s stock worth $7,493,000 after acquiring an additional 159,364 shares during the last quarter. Finally, FMR LLC boosted 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 worth $3,113,000 after acquiring an additional 148,938 shares during the last quarter. 97.56% of the stock is currently owned by institutional investors and hedge funds.

Anywhere Real Estate Stock Performance

NYSE:HOUS opened at $3.32 on Monday. 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 company has a market cap of $368.83 million, a P/E ratio of -2.86 and a beta of 2.46. Anywhere Real Estate Inc. has a fifty-two week low of $2.71 and a fifty-two week high of $6.20. The firm’s 50 day moving average is $3.53 and its two-hundred day moving average is $4.14.

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

Wall Street Analysts Forecast Growth

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

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.