Readystate Asset Management LP Makes New Investment in Anywhere Real Estate Inc. (NYSE:HOUS)

Readystate Asset Management LP bought a new position in Anywhere Real Estate Inc. (NYSE:HOUS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 160,754 shares of the company’s stock, valued at approximately $1,304,000.

Several other hedge funds have also added to or reduced their stakes in HOUS. PNC Financial Services Group Inc. bought a new stake in Anywhere Real Estate in the fourth quarter worth $82,000. Victory Capital Management Inc. bought a new stake in Anywhere Real Estate in the fourth quarter worth $991,000. Sei Investments Co. bought a new stake in Anywhere Real Estate in the fourth quarter worth $579,000. Amalgamated Bank bought a new position in shares of Anywhere Real Estate during the fourth quarter valued at $321,000. Finally, American International Group Inc. bought a new position in shares of Anywhere Real Estate during the fourth quarter valued at $374,000. 97.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Barclays upped their price target on Anywhere Real Estate from $4.50 to $5.00 and gave the company an “underweight” rating in a report on Tuesday, February 20th. Stephens upped their price target on Anywhere Real Estate from $5.50 to $8.00 and gave the company an “equal weight” rating in a report on Friday, February 16th.

Anywhere Real Estate Trading Up 1.1 %

Shares of NYSE:HOUS traded up $0.06 during midday trading on Thursday, reaching $5.43. 2,264,672 shares of the company’s stock traded hands, compared to its average volume of 1,105,797. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 1.40. Anywhere Real Estate Inc. has a one year low of $4.09 and a one year high of $9.43. The stock has a 50 day moving average of $6.04 and a 200 day moving average of $6.11.

Anywhere Real Estate (NYSE:HOUS) last posted its quarterly earnings data on Thursday, February 15th. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.07. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Anywhere Real Estate had a negative return on equity of 7.23% and a negative net margin of 1.72%. Anywhere Real Estate’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.85) earnings per share. On average, research analysts forecast that Anywhere Real Estate Inc. will post -0.03 earnings per share for the current fiscal 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.