Renaissance Technologies LLC Boosts Holdings in Douglas Elliman Inc. (NYSE:DOUG)

Renaissance Technologies LLC lifted its holdings in Douglas Elliman Inc. (NYSE:DOUG - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,361,804 shares of the company's stock after acquiring an additional 461,093 shares during the quarter. Renaissance Technologies LLC owned 4.89% of Douglas Elliman worth $7,284,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Truffle Hound Capital LLC purchased a new position in Douglas Elliman during the fourth quarter valued at $3,340,000. First Eagle Investment Management LLC lifted its holdings in shares of Douglas Elliman by 436.1% during the fourth quarter. First Eagle Investment Management LLC now owns 1,126,312 shares of the company's stock valued at $1,881,000 after purchasing an additional 916,210 shares during the last quarter. Diversified Investment Strategies LLC grew its stake in shares of Douglas Elliman by 59.5% in the 4th quarter. Diversified Investment Strategies LLC now owns 824,765 shares of the company's stock worth $1,377,000 after buying an additional 307,657 shares during the last quarter. American Century Companies Inc. increased its position in Douglas Elliman by 139.9% during the 4th quarter. American Century Companies Inc. now owns 56,605 shares of the company's stock valued at $95,000 after buying an additional 33,011 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Douglas Elliman during the fourth quarter valued at $77,000. Hedge funds and other institutional investors own 59.56% of the company's stock.

Douglas Elliman Stock Up 1.6 %

Shares of NYSE:DOUG traded up $0.03 on Thursday, hitting $1.62. 32,544 shares of the company traded hands, compared to its average volume of 853,983. The company has a market cap of $143.31 million, a PE ratio of -1.57 and a beta of 1.52. The stock has a 50 day simple moving average of $1.76 and a 200-day simple moving average of $1.84. Douglas Elliman Inc. has a 52 week low of $1.00 and a 52 week high of $2.98. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 0.20.

Douglas Elliman (NYSE:DOUG - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.11. The company had revenue of $243.32 million for the quarter. Douglas Elliman had a negative return on equity of 22.85% and a negative net margin of 8.81%.

Douglas Elliman Company Profile

Douglas Elliman Inc owns Douglas Elliman Realty, LLC, operating as a residential brokerage company in the United States with operations in New York, Florida, California, Texas, Colorado, Nevada, Massachusetts, Connecticut, Maryland, Virginia and Washington, DC In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology (“PropTech”) solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets.