Anywhere Real Estate Inc. (NYSE:HOUS) Short Interest Update

Anywhere Real Estate Inc. (NYSE:HOUS) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 8,870,000 shares, an increase of 12.1% from the October 15th total of 7,910,000 shares. Based on an average trading volume of 1,190,000 shares, the short-interest ratio is presently 7.5 days. Approximately 8.3% of the shares of the company are short sold.

Insider Activity at Anywhere Real Estate

In other Anywhere Real Estate news, Director Enrique Silva bought 15,000 shares of the stock in a transaction on Friday, November 3rd. The stock was purchased at an average price of $5.42 per share, for a total transaction of $81,300.00. Following the completion of the purchase, the director now directly owns 112,216 shares in the company, valued at $608,210.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On Anywhere Real Estate

Several institutional investors have recently bought and sold shares of the stock. Southeastern Asset Management Inc. TN boosted its holdings in shares of Anywhere Real Estate by 3.1% in the first quarter. Southeastern Asset Management Inc. TN now owns 6,745,781 shares of the company’s stock valued at $35,618,000 after acquiring an additional 201,824 shares in the last quarter. Sixth Street Partners Management Company L.P. increased its position in shares of Anywhere Real Estate by 3.4% during the 3rd quarter. Sixth Street Partners Management Company L.P. now owns 5,423,280 shares of the company’s stock valued at $34,872,000 after purchasing an additional 176,300 shares during the period. Bank of America Corp DE raised its stake in shares of Anywhere Real Estate by 65.1% in the 1st quarter. Bank of America Corp DE now owns 5,115,071 shares of the company’s stock worth $27,008,000 after buying an additional 2,016,180 shares in the last quarter. State Street Corp lifted its holdings in shares of Anywhere Real Estate by 0.7% in the second quarter. State Street Corp now owns 4,421,721 shares of the company’s stock valued at $29,537,000 after buying an additional 30,632 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Anywhere Real Estate by 1.4% during the second quarter. Geode Capital Management LLC now owns 2,330,307 shares of the company’s stock valued at $15,566,000 after buying an additional 32,797 shares in the last quarter. Institutional investors and hedge funds own 97.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HOUS. Stephens lowered their target price on Anywhere Real Estate from $9.50 to $5.50 and set an “equal weight” rating for the company in a report on Wednesday, October 25th. Barclays lowered their price objective on Anywhere Real Estate from $5.00 to $4.50 and set an “underweight” rating for the company in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, Anywhere Real Estate has an average rating of “Hold” and a consensus target price of $6.00.

Anywhere Real Estate Stock Performance

Shares of NYSE:HOUS traded up $0.15 during trading hours on Friday, hitting $5.11. The stock had a trading volume of 1,477,191 shares, compared to its average volume of 1,477,380. The stock’s fifty day simple moving average is $5.70 and its 200 day simple moving average is $6.35. The firm has a market capitalization of $564.60 million, a price-to-earnings ratio of -1.26 and a beta of 2.44. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.50 and a current ratio of 0.50. Anywhere Real Estate has a 1-year low of $4.09 and a 1-year high of $9.85.

Anywhere Real Estate (NYSE:HOUS) last announced its earnings results on Tuesday, October 24th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). Anywhere Real Estate had a negative net margin of 7.76% and a negative return on equity of 9.07%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.58 billion. Sell-side analysts anticipate that Anywhere Real Estate will post -0.94 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.