Investors Buy High Volume of Anywhere Real Estate Call Options (NYSE:HOUS)

Anywhere Real Estate Inc. (NYSE:HOUS) saw unusually large options trading on Thursday. Traders bought 9,720 call options on the stock. This represents an increase of 1,539% compared to the average daily volume of 593 call options.

Hedge Funds Weigh In On Anywhere Real Estate

A number of institutional investors have recently bought and sold shares of HOUS. Nemes Rush Group LLC grew its holdings in shares of Anywhere Real Estate by 16.7% during the 2nd quarter. Nemes Rush Group LLC now owns 17,500 shares of the company’s stock worth $58,000 after purchasing an additional 2,500 shares during the period. Frazier Financial Advisors LLC purchased a new position in Anywhere Real Estate during the fourth quarter worth about $28,000. SummerHaven Investment Management LLC boosted its stake 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 buying an additional 3,602 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Anywhere Real Estate by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 79,989 shares of the company’s stock worth $495,000 after buying an additional 4,527 shares during the period. Finally, Capstone Investment Advisors LLC increased its position in shares of Anywhere Real Estate by 9.3% during the first quarter. Capstone Investment Advisors LLC now owns 71,475 shares of the company’s stock valued at $442,000 after acquiring an additional 6,075 shares during the last quarter. 97.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays decreased their price objective on Anywhere Real Estate from $4.50 to $3.50 and set an “underweight” rating on the stock in a report on Friday, July 12th.

Anywhere Real Estate Price Performance

HOUS stock opened at $5.84 on Friday. Anywhere Real Estate has a 1 year low of $3.01 and a 1 year high of $8.40. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.38 and a quick ratio of 0.38. The firm has a market capitalization of $648.86 million, a PE ratio of -10.43 and a beta of 2.30. The business has a 50 day simple moving average of $4.78 and a 200-day simple moving average of $4.75.

Anywhere Real Estate (NYSE:HOUS) last issued its earnings results on Thursday, August 1st. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Anywhere Real Estate had a negative return on equity of 5.65% and a negative net margin of 0.87%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 EPS. Equities research analysts anticipate that Anywhere Real Estate will post -0.55 earnings per share for the current fiscal year.

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.