Saber Capital Managment LLC Makes New $2.98 Million Investment in Douglas Elliman Inc. $DOUG

Saber Capital Managment LLC bought a new position in Douglas Elliman Inc. (NYSE:DOUG) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,258,261 shares of the company’s stock, valued at approximately $2,982,000. Douglas Elliman accounts for 2.5% of Saber Capital Managment LLC’s investment portfolio, making the stock its 14th largest holding. Saber Capital Managment LLC owned about 1.42% of Douglas Elliman at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Douglas Elliman by 2.5% in the third quarter. Vanguard Group Inc. now owns 4,183,114 shares of the company’s stock worth $11,964,000 after purchasing an additional 100,734 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in Douglas Elliman by 36.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,474,443 shares of the company’s stock worth $7,077,000 after purchasing an additional 662,603 shares during the period. Portolan Capital Management LLC raised its holdings in Douglas Elliman by 28.5% in the third quarter. Portolan Capital Management LLC now owns 2,353,950 shares of the company’s stock worth $6,732,000 after purchasing an additional 521,959 shares during the period. Geode Capital Management LLC raised its holdings in Douglas Elliman by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,749,768 shares of the company’s stock worth $4,148,000 after purchasing an additional 7,411 shares during the period. Finally, First Eagle Investment Management LLC raised its holdings in Douglas Elliman by 1.8% in the third quarter. First Eagle Investment Management LLC now owns 1,625,871 shares of the company’s stock worth $4,650,000 after purchasing an additional 28,504 shares during the period. 59.56% of the stock is currently owned by institutional investors and hedge funds.

Douglas Elliman Stock Up 0.2%

Shares of NYSE:DOUG opened at $1.71 on Monday. Douglas Elliman Inc. has a 12 month low of $1.53 and a 12 month high of $3.19. The company’s fifty day simple moving average is $1.80 and its 200 day simple moving average is $2.18. The firm has a market cap of $155.73 million, a price-to-earnings ratio of -24.47 and a beta of 1.87.

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

Analyst Upgrades and Downgrades

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