realestate

Anywhere Real Estate Inc. Stake Reduced by Renaissance Technologies

Renaissance Technologies LLC reduces stake in Anywhere Real Estate Inc. shares by 31.6%.

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arshall Wace LLP acquired 412,569 shares of Anywhere Real Estate Inc. (NYSE:HOUS) in the second quarter, according to its most recent 13F filing with the SEC. The stake is valued at approximately $1,366,000 and represents 0.37% of the company's stock. Other hedge funds have also made changes to their positions in Anywhere Real Estate.

    Angelo Gordon & CO. L.P. increased its stake by 3.5% during the fourth quarter, owning 9,692,993 shares valued at $78,610,000 after acquiring an additional 330,288 shares. Dimensional Fund Advisors LP boosted its holdings by 16.0% in the second quarter, owning 5,556,365 shares worth $18,391,000 after purchasing an additional 768,361 shares.

    Bank of Montreal Can grew its position by 1,210.8% during the second quarter, owning 2,922,639 shares valued at $9,674,000 after purchasing an additional 2,699,671 shares. Empowered Funds LLC increased its stake by 51.7% in the first quarter, owning 482,673 shares valued at $2,983,000 after buying an additional 164,493 shares.

    Cibc World Markets Corp purchased a new stake in Anywhere Real Estate in the fourth quarter worth approximately $2,230,000. Hedge funds and other institutional investors own 97.56% of the company's stock.

    Anywhere Real Estate Inc. has a market cap of $559.69 million, a PE ratio of -8.98, and a beta of 2.29. The firm's 50-day moving average price is $4.93, and its 200-day moving average price is $4.71. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.03.

    Analysts expect that Anywhere Real Estate Inc. will post -0.55 EPS for the current fiscal year. Barclays lowered 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 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.

Renaissance Technologies reduces stake in Anywhere Real Estate Inc., a US-based real estate company.