Verition Fund Management LLC Trims Stock Position in Anywhere Real Estate Inc. (NYSE:HOUS)

Verition Fund Management LLC decreased its stake in Anywhere Real Estate Inc. (NYSE:HOUS) by 92.3% during the third quarter, Holdings Channel reports. The institutional investor owned 36,327 shares of the company’s stock after selling 435,991 shares during the quarter. Verition Fund Management LLC’s holdings in Anywhere Real Estate were worth $185,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Townsquare Capital LLC purchased a new position in Anywhere Real Estate in the third quarter valued at $52,000. Headlands Technologies LLC purchased a new position in shares of Anywhere Real Estate in the 2nd quarter valued at about $40,000. Ballentine Partners LLC acquired a new stake in Anywhere Real Estate in the third quarter valued at approximately $62,000. Versor Investments LP purchased a new stake in shares of Anywhere Real Estate in the second quarter valued at approximately $54,000. Finally, Nemes Rush Group LLC lifted its position 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 valued at $58,000 after buying an additional 2,500 shares in the last quarter. 97.56% of the stock is owned by institutional investors and hedge funds.

Anywhere Real Estate Price Performance

NYSE HOUS opened at $4.26 on Tuesday. The business has a fifty day moving average price of $4.37 and a 200 day moving average price of $4.38. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market cap of $473.41 million, a P/E ratio of -2.74 and a beta of 2.32. Anywhere Real Estate Inc. has a one year low of $3.01 and a one year high of $8.40.

Anywhere Real Estate (NYSE:HOUS) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.18). Anywhere Real Estate had a negative return on equity of 6.46% and a negative net margin of 3.06%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the business posted $0.15 earnings per share. The business’s quarterly revenue was down 3.1% on a year-over-year basis. Research analysts anticipate that Anywhere Real Estate Inc. will post -0.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Barclays boosted their price target on shares of Anywhere Real Estate from $3.50 to $4.00 and gave the stock an “underweight” rating in a report on Wednesday, December 11th.

Anywhere Real Estate 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.