Prudential Financial Inc. Sells 611,881 Shares of Anywhere Real Estate Inc. (NYSE:HOUS)

Prudential Financial Inc. lessened its position in Anywhere Real Estate Inc. (NYSE:HOUS - Free Report) by 51.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 584,159 shares of the company's stock after selling 611,881 shares during the period. Prudential Financial Inc. owned about 0.53% of Anywhere Real Estate worth $1,928,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HOUS. JPMorgan Chase & Co. grew its holdings in Anywhere Real Estate by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 1,475,022 shares of the company's stock worth $7,493,000 after purchasing an additional 159,364 shares during the period. Barclays PLC lifted its position in shares of Anywhere Real Estate by 725.7% in the third quarter. Barclays PLC now owns 1,436,706 shares of the company's stock valued at $7,297,000 after buying an additional 1,262,714 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Anywhere Real Estate by 5.7% during the 4th quarter. Nordea Investment Management AB now owns 647,506 shares of the company's stock worth $2,208,000 after acquiring an additional 34,709 shares during the period. FMR LLC increased its holdings in shares of Anywhere Real Estate by 32.1% during the 3rd quarter. FMR LLC now owns 612,697 shares of the company's stock worth $3,113,000 after acquiring an additional 148,938 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in Anywhere Real Estate by 5.1% in the 4th quarter. Empowered Funds LLC now owns 576,064 shares of the company's stock valued at $1,901,000 after acquiring an additional 28,079 shares during the period. 97.56% of the stock is currently owned by institutional investors and hedge funds.

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Anywhere Real Estate Stock Performance

HOUS traded up $0.32 on Wednesday, reaching $3.30. The company had a trading volume of 2,934,344 shares, compared to its average volume of 1,357,019. The company's fifty day moving average is $3.55 and its 200 day moving average is $3.92. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.36 and a current ratio of 0.33. The stock has a market cap of $368.92 million, a P/E ratio of -2.84 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.

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

Wall Street Analyst Weigh In

Separately, Barclays reduced their price objective on shares of Anywhere Real Estate from $4.00 to $3.00 and set an "underweight" rating for the company in a research report on Thursday, January 16th.

Anywhere Real Estate Company 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.