Franklin Resources Inc. Buys 507,396 Shares of Anywhere Real Estate Inc. (NYSE:HOUS)

Franklin Resources Inc. increased its stake in shares of Anywhere Real Estate Inc. (NYSE:HOUS - Free Report) by 198.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 762,767 shares of the company's stock after acquiring an additional 507,396 shares during the quarter. Franklin Resources Inc. owned about 0.69% of Anywhere Real Estate worth $2,517,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership lifted its stake in shares of Anywhere Real Estate by 3.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,504,807 shares of the company's stock valued at $4,966,000 after buying an additional 48,992 shares during the period. Frazier Financial Advisors LLC raised its stake in shares of Anywhere Real Estate by 184.5% in the fourth quarter. Frazier Financial Advisors LLC now owns 23,900 shares of the company's stock valued at $80,000 after purchasing an additional 15,500 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in Anywhere Real Estate by 1.9% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 236,696 shares of the company's stock worth $781,000 after purchasing an additional 4,490 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Anywhere Real Estate during the fourth quarter worth $73,000. Finally, AXQ Capital LP acquired a new stake in Anywhere Real Estate during the fourth quarter worth $49,000. 97.56% of the stock is owned by institutional investors.

Anywhere Real Estate Price Performance

Shares of Anywhere Real Estate stock traded down $0.06 during mid-day trading on Tuesday, reaching $3.12. 734,791 shares of the stock were exchanged, compared to its average volume of 1,351,789. The company has a market cap of $348.58 million, a price-to-earnings ratio of -2.69 and a beta of 2.05. Anywhere Real Estate Inc. has a fifty-two week low of $2.71 and a fifty-two week high of $5.95. The company has a current ratio of 0.33, a quick ratio of 0.36 and a debt-to-equity ratio of 1.38. The firm has a 50-day simple moving average of $3.52 and a 200 day simple moving average of $3.87.

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Anywhere Real Estate (NYSE:HOUS - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.36) by ($0.09). The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. Anywhere Real Estate had a negative net margin of 2.25% and a negative return on equity of 5.88%. On average, sell-side analysts predict that Anywhere Real Estate Inc. will post 0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Barclays lowered their target price on shares of Anywhere Real Estate from $4.00 to $3.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th.

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.