Douglas Elliman Inc. $DOUG Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its position in Douglas Elliman Inc. (NYSE:DOUG) by 9.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,151,124 shares of the company’s stock after selling 341,280 shares during the quarter. Renaissance Technologies LLC’s holdings in Douglas Elliman were worth $5,168,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DOUG. Goldman Sachs Group Inc. boosted its holdings in Douglas Elliman by 31.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 474,407 shares of the company’s stock valued at $816,000 after acquiring an additional 112,511 shares during the period. Jane Street Group LLC increased its stake in Douglas Elliman by 26.5% during the first quarter. Jane Street Group LLC now owns 529,833 shares of the company’s stock worth $911,000 after purchasing an additional 110,905 shares during the period. Geode Capital Management LLC increased its stake in Douglas Elliman by 115.4% during the second quarter. Geode Capital Management LLC now owns 1,707,823 shares of the company’s stock worth $3,963,000 after purchasing an additional 915,018 shares during the period. Cetera Investment Advisers lifted its position in shares of Douglas Elliman by 13.0% during the second quarter. Cetera Investment Advisers now owns 63,815 shares of the company’s stock worth $148,000 after purchasing an additional 7,331 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Douglas Elliman by 15.8% during the second quarter. American Century Companies Inc. now owns 87,932 shares of the company’s stock worth $204,000 after purchasing an additional 12,027 shares in the last quarter. Institutional investors and hedge funds own 59.56% of the company’s stock.

Douglas Elliman Trading Down 0.3%

Shares of DOUG stock opened at $1.75 on Thursday. The company has a market cap of $159.55 million, a P/E ratio of -25.07 and a beta of 1.86. The firm has a fifty day moving average price of $1.79 and a 200 day moving average price of $1.99. Douglas Elliman Inc. has a 12 month low of $1.53 and a 12 month high of $3.19.

Douglas Elliman (NYSE:DOUG) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.14) earnings per share for the quarter. The business had revenue of $214.33 million during the quarter. Douglas Elliman had a net margin of 0.50% and a negative return on equity of 20.59%.

Analyst Ratings Changes

Several equities analysts have commented on DOUG shares. Wall Street Zen downgraded shares of Douglas Elliman from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings downgraded Douglas Elliman from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Douglas Elliman Profile

Douglas Elliman (NYSE: DOUG) is one of the largest residential real estate brokerages in the United States, offering an array of services that span property sales, leasing and management. Founded in 1911 and headquartered in New York City, the firm has built a reputation for representing high-end residential properties and guiding clients through complex real estate transactions. Over the course of its history, Douglas Elliman has expanded its offerings to include specialized support for developers, investors and individual homeowners.

The company’s core business activities include residential brokerage, new development marketing, and property management.