Wealth Enhancement Advisory Services LLC Trims Holdings in Anywhere Real Estate Inc. $HOUS

Wealth Enhancement Advisory Services LLC trimmed its stake in shares of Anywhere Real Estate Inc. (NYSE:HOUS) by 22.1% during the second quarter, HoldingsChannel.com reports. The firm owned 15,628 shares of the company’s stock after selling 4,427 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Anywhere Real Estate were worth $59,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Federated Hermes Inc. raised its stake in shares of Anywhere Real Estate by 14.9% during the 1st quarter. Federated Hermes Inc. now owns 73,885 shares of the company’s stock valued at $246,000 after purchasing an additional 9,591 shares during the period. Ballentine Partners LLC bought a new stake in shares of Anywhere Real Estate during the 1st quarter valued at $39,000. Avantax Advisory Services Inc. bought a new stake in shares of Anywhere Real Estate during the 1st quarter valued at $43,000. Pallas Capital Advisors LLC bought a new stake in shares of Anywhere Real Estate during the 1st quarter valued at $52,000. Finally, Strs Ohio purchased a new position in Anywhere Real Estate during the first quarter worth about $64,000. 97.56% of the stock is currently owned by institutional investors.

Anywhere Real Estate Trading Down 3.3%

NYSE HOUS opened at $9.43 on Monday. Anywhere Real Estate Inc. has a 1-year low of $2.71 and a 1-year high of $12.03. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.51. The stock has a 50-day moving average of $7.30 and a 200-day moving average of $4.93. The firm has a market cap of $1.06 billion, a PE ratio of -9.62 and a beta of 1.76.

Anywhere Real Estate (NYSE:HOUS) last released its earnings results on Tuesday, July 29th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Anywhere Real Estate had a negative net margin of 1.87% and a negative return on equity of 4.57%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the firm posted $0.27 EPS. The company’s revenue was up .8% on a year-over-year basis. As a group, sell-side analysts forecast that Anywhere Real Estate Inc. will post 0.05 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on HOUS shares. Barclays upgraded Anywhere Real Estate from a “strong sell” rating to an “equal weight” rating and boosted their target price for the stock from $3.50 to $11.00 in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. upgraded Anywhere Real Estate from an “underweight” rating to a “neutral” rating and set a $10.00 target price for the company in a research report on Monday, September 22nd. Compass Point set a $11.00 target price on Anywhere Real Estate in a research report on Tuesday, September 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Anywhere Real Estate in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Anywhere Real Estate from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $9.13.

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.