Charles Schwab Investment Management Inc. Trims Position in Anywhere Real Estate Inc. (NYSE:HOUS)

Charles Schwab Investment Management Inc. reduced its holdings in Anywhere Real Estate Inc. (NYSE:HOUS) by 16.7% during the 4th quarter, Holdings Channel reports. The fund owned 1,079,647 shares of the company’s stock after selling 216,249 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Anywhere Real Estate were worth $3,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HOUS. Quarry LP acquired a new stake in Anywhere Real Estate during the 3rd quarter worth about $26,000. Mraz Amerine & Associates Inc. purchased a new stake in shares of Anywhere Real Estate in the fourth quarter worth about $33,000. Empirical Asset Management LLC acquired a new stake in Anywhere Real Estate during the fourth quarter worth about $52,000. Townsquare Capital LLC purchased a new position in Anywhere Real Estate during the third quarter valued at approximately $52,000. Finally, Virtu Financial LLC lifted its holdings in Anywhere Real Estate by 24.6% in the third quarter. Virtu Financial LLC now owns 15,305 shares of the company’s stock valued at $78,000 after acquiring an additional 3,022 shares during the period. Institutional investors and hedge funds own 97.56% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their price objective on shares of Anywhere Real Estate from $4.00 to $3.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th.

Anywhere Real Estate Stock Down 0.7 %

HOUS opened at $3.65 on Friday. The company has a fifty day moving average of $3.63 and a two-hundred day moving average of $4.08. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.36 and a current ratio of 0.33. Anywhere Real Estate Inc. has a fifty-two week low of $2.71 and a fifty-two week high of $6.20. The stock has a market capitalization of $407.49 million, a price-to-earnings ratio of -3.14 and a beta of 2.46.

Anywhere Real Estate (NYSE:HOUS) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.09). The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.28 billion. Anywhere Real Estate had a negative return on equity of 5.88% and a negative net margin of 2.25%. On average, research analysts expect that Anywhere Real Estate Inc. will post 0.05 earnings per share for the current year.

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.