309,289 Shares in Douglas Elliman Inc. $DOUG Acquired by Cullen Capital Management LLC

Cullen Capital Management LLC purchased a new position in shares of Douglas Elliman Inc. (NYSE:DOUG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 309,289 shares of the company’s stock, valued at approximately $547,000. Cullen Capital Management LLC owned about 0.34% of Douglas Elliman as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cetera Investment Advisers raised its stake in Douglas Elliman by 7.1% during the fourth quarter. Cetera Investment Advisers now owns 62,917 shares of the company’s stock worth $149,000 after buying an additional 4,175 shares during the last quarter. State Street Corp grew its holdings in Douglas Elliman by 0.4% during the 4th quarter. State Street Corp now owns 1,092,336 shares of the company’s stock worth $2,589,000 after acquiring an additional 4,793 shares during the period. Geode Capital Management LLC grew its holdings in Douglas Elliman by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,749,768 shares of the company’s stock worth $4,148,000 after acquiring an additional 7,411 shares during the period. Raymond James Financial Inc. raised its position in shares of Douglas Elliman by 49.5% in the 2nd quarter. Raymond James Financial Inc. now owns 32,217 shares of the company’s stock worth $75,000 after acquiring an additional 10,660 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Douglas Elliman by 21.8% in the 1st quarter. Bank of America Corp DE now owns 60,935 shares of the company’s stock valued at $100,000 after purchasing an additional 10,906 shares during the period. Institutional investors and hedge funds own 59.56% of the company’s stock.

Douglas Elliman Stock Performance

DOUG stock opened at $1.95 on Wednesday. The stock’s 50 day simple moving average is $1.84 and its 200 day simple moving average is $1.91. Douglas Elliman Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $3.19. The company has a market cap of $176.78 million, a P/E ratio of 11.44 and a beta of 1.86.

Douglas Elliman (NYSE:DOUG) last announced its quarterly earnings data on Friday, August 7th. The company reported ($0.05) EPS for the quarter. Douglas Elliman had a net margin of 2.47% and a negative return on equity of 19.16%. The firm had revenue of $283.45 million during the quarter.

Analyst Ratings Changes

Several brokerages recently commented on DOUG. Weiss Ratings upgraded Douglas Elliman from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th. Wall Street Zen raised Douglas Elliman from a “sell” rating to a “buy” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Douglas Elliman Company 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.