Anywhere Real Estate (NYSE:HOUS) Trading 10% Higher

Anywhere Real Estate Inc. (NYSE:HOUS) rose 10% during trading on Friday . The company traded as high as $5.40 and last traded at $5.38. Approximately 445,087 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 1,395,729 shares. The stock had previously closed at $4.89.

Analyst Upgrades and Downgrades

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

Anywhere Real Estate Stock Performance

The company has a market cap of $607.53 million, a P/E ratio of -9.20 and a beta of 2.30. The firm has a 50 day moving average price of $4.53 and a 200-day moving average price of $4.77. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.38 and a current ratio of 0.38.

Anywhere Real Estate (NYSE:HOUS) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate 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 revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 EPS. On average, research analysts predict that Anywhere Real Estate Inc. will post -0.55 EPS for the current year.

Institutional Trading of Anywhere Real Estate

Several hedge funds have recently added to or reduced their stakes in HOUS. New York State Common Retirement Fund boosted its stake in Anywhere Real Estate by 43.0% during the 4th quarter. New York State Common Retirement Fund now owns 45,442 shares of the company’s stock valued at $369,000 after purchasing an additional 13,662 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Anywhere Real Estate by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,741,041 shares of the company’s stock valued at $14,120,000 after purchasing an additional 51,597 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Anywhere Real Estate during the 4th quarter valued at approximately $508,000. Frazier Financial Advisors LLC bought a new stake in Anywhere Real Estate during the 4th quarter valued at approximately $28,000. Finally, Allianz Asset Management GmbH boosted its stake in Anywhere Real Estate by 11.9% during the 4th quarter. Allianz Asset Management GmbH now owns 1,852,622 shares of the company’s stock valued at $15,025,000 after purchasing an additional 197,696 shares during the period. Institutional investors own 97.56% of the company’s stock.

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.