Angelo, Gordon & Co. LP recently announced the acquisition of new stake in Anywhere Real Estate Inc. (NYSE:HOUS). The institutional investor has increased its shareholding in the Real Estate company by 4.57% to 9.48 million shares with purchase of 0.41 million shares. This fresh investment now brings its stake to 8.66% valued currently at $54.87 million. In addition, SSgA Funds Management, Inc. raised its holdings by 75865.0 to 4.33 million shares. And Goldman Sachs & Co. LLC has lifted its position by 74.78% or 1.24 million shares – to 2.9 million shares.
With over 2.61 million Anywhere Real Estate Inc. (HOUS) shares trading Tuesday and a closing price of $4.83 on the day, the dollar volume was approximately $12.6 million. The shares have shown a negative half year performance of -53.38% and its price on 03/14/23 gained nearly 2.55%. Currently, there are 109.30M common shares owned by the public and among those 106.38M shares have been available to trade.
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Insiders at the company have transacted a total of 15 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 12 of these insider trades were purchases, accounting for 153,337 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 20,409 shares.
The top 3 mutual fund holders in Anywhere Real Estate Inc. are iShares Core S&P Small Cap ETF, Longleaf Partners Small Cap Fund, and Vanguard Real Estate Index Fund. iShares Core S&P Small Cap ETF owns 8.46 million shares of the company’s stock, all valued at over $49.01 million. The company bought an additional 20566.0 shares recently to bring their total holdings to about 7.73% of the shares outstanding. Vanguard Real Estate Index Fund sold 9409.0 shares to bring its total holdings to over 5.1 million shares at a value of $29.54 million. Vanguard Real Estate Index Fund now owns shares totaling to 4.66% of the shares outstanding.
Shares of Anywhere Real Estate Inc. (NYSE: HOUS) opened at $4.90, up $0.19 from a prior closing price of $4.71. However, the script later moved the day high at 5.0200, up 2.55%. The company’s stock has a 5-day price change of -7.47% and -31.00% over the past three months. HOUS shares are trading -24.41% year to date (YTD), with the 12-month market performance down to -68.82% lower. It has a 12-month low price of $4.33 and touched a high of $17.32 over the same period. HOUS has an average intraday trading volume of 1.74 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -24.58%, -33.92%, and -44.33% respectively.
Institutional ownership of Anywhere Real Estate Inc. (NYSE: HOUS) 109.30M shares outstanding. Mutual fund holders own 68.88%, while other institutional holders and individual stakeholders account for 76.28% and 44.79% respectively.
It has a market capitalization of $562.84M and a beta (3y monthly) value of 2.37. The earnings-per-share (ttm) stands at -$2.72. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.21% over the week and 6.81% over the month.
Analysts forecast that Anywhere Real Estate Inc. (HOUS) will achieve an EPS of $0.01 for the current quarter, -$0.4 for the next quarter and $0.92 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.33 while analysts give the company a high EPS estimate of $0.2. Comparatively, EPS for the current quarter was $0.38 a year ago. Earnings per share for the fiscal year are expected to decrease by -188.40%, and 325.00% over the next financial year. EPS should grow at an annualized rate of 27.70% over the next five years, compared to -26.80% over the past 5-year period.
Looking at the support for the HOUS, a number of firms have released research notes about the stock. Keefe Bruyette stated their Mkt Perform rating for the stock in a research note on February 28, 2023, with the firm’s price target at $12-$7. JP Morgan coverage for the Anywhere Real Estate Inc. (HOUS) stock in a research note released on December 16, 2022 offered a Neutral rating with a price target of $11.
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