May Hill Capital LLC Makes New Investment in Anywhere Real Estate Inc. $HOUS

May Hill Capital LLC bought a new position in shares of Anywhere Real Estate Inc. (NYSE:HOUS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,017 shares of the company’s stock, valued at approximately $40,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Aristeia Capital L.L.C. bought a new stake in Anywhere Real Estate during the 1st quarter worth approximately $345,000. Nuveen LLC bought a new stake in Anywhere Real Estate during the 1st quarter worth approximately $1,103,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Anywhere Real Estate by 111.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,280,470 shares of the company’s stock valued at $7,594,000 after purchasing an additional 1,200,823 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of Anywhere Real Estate by 25.5% in the 2nd quarter. Ballentine Partners LLC now owns 14,822 shares of the company’s stock valued at $54,000 after purchasing an additional 3,014 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Anywhere Real Estate by 52.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,682,561 shares of the company’s stock valued at $5,603,000 after purchasing an additional 582,402 shares during the last quarter. 97.56% of the stock is owned by institutional investors.

Anywhere Real Estate Stock Down 2.3%

Anywhere Real Estate stock opened at $10.47 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. Anywhere Real Estate Inc. has a 12-month low of $2.71 and a 12-month high of $12.03. The firm’s fifty day moving average is $8.42 and its 200 day moving average is $5.50. The company has a market capitalization of $1.17 billion, a PE ratio of -10.68 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 (EPS) 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 for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the firm earned $0.27 EPS. The firm’s revenue was up .8% on a year-over-year basis. As a group, sell-side analysts predict that Anywhere Real Estate Inc. will post 0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HOUS has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Anywhere Real Estate in a research note on Wednesday, October 8th. Compass Point set a $11.00 price objective on shares of Anywhere Real Estate in a research note on Tuesday, September 23rd. Wall Street Zen lowered shares of Anywhere Real Estate from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Barclays raised shares of Anywhere Real Estate from a “strong sell” rating to an “equal weight” rating and upped their price objective for the company from $3.50 to $11.00 in a research note on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. raised shares of Anywhere Real Estate from an “underweight” rating to a “neutral” rating and set a $10.00 price objective on the stock in a research note on Monday, September 22nd. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.