Sixth Street Partners Management Company L.P. Decreases Stock Holdings in Anywhere Real Estate Inc. (NYSE:HOUS)

Sixth Street Partners Management Company L.P. reduced its stake in Anywhere Real Estate Inc. (NYSE:HOUS) by 12.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,646,154 shares of the company’s stock after selling 375,000 shares during the quarter. Anywhere Real Estate makes up approximately 1.2% of Sixth Street Partners Management Company L.P.’s investment portfolio, making the stock its 10th biggest position. Sixth Street Partners Management Company L.P. owned approximately 2.38% of Anywhere Real Estate worth $8,759,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of HOUS. Charles Schwab Investment Management Inc. raised its holdings in Anywhere Real Estate by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,741,041 shares of the company’s stock valued at $14,120,000 after acquiring an additional 51,597 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Anywhere Real Estate during the 4th quarter valued at approximately $508,000. Frazier Financial Advisors LLC bought a new stake in shares of Anywhere Real Estate during the fourth quarter valued at approximately $28,000. Allianz Asset Management GmbH lifted its holdings in shares of Anywhere Real Estate by 11.9% in the fourth quarter. Allianz Asset Management GmbH now owns 1,852,622 shares of the company’s stock worth $15,025,000 after buying an additional 197,696 shares in the last quarter. Finally, Olympiad Research LP boosted its position in shares of Anywhere Real Estate by 102.2% during the fourth quarter. Olympiad Research LP now owns 27,448 shares of the company’s stock worth $223,000 after acquiring an additional 13,874 shares during the last quarter. Institutional investors own 97.56% of the company’s stock.

Anywhere Real Estate Stock Performance

NYSE HOUS opened at $5.43 on Wednesday. The stock has a market capitalization of $603.64 million, a PE ratio of -9.69 and a beta of 2.30. Anywhere Real Estate Inc. has a 1-year low of $3.01 and a 1-year high of $8.40. The business has a 50 day simple moving average of $4.66 and a two-hundred day simple moving average of $4.74. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.38 and a quick ratio of 0.38.

Anywhere Real Estate (NYSE:HOUS) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. Anywhere Real Estate had a negative net margin of 0.87% and a negative return on equity of 5.65%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the business posted $0.24 earnings per share. Anywhere Real Estate’s quarterly revenue was down .1% on a year-over-year basis. On average, research analysts predict that Anywhere Real Estate Inc. will post -0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Barclays reduced their price target on shares of Anywhere Real Estate from $4.50 to $3.50 and set an “underweight” rating on the stock in a report on Friday, July 12th.

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.