Anywhere Real Estate Inc. (NYSE:HOUS) is Sixth Street Partners Management Company L.P.’s 10th Largest Position

Sixth Street Partners Management Company L.P. cut its stake in shares of Anywhere Real Estate Inc. (NYSE:HOUS) by 12.4% during the second quarter, HoldingsChannel.com reports. The fund 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 holding. Sixth Street Partners Management Company L.P.’s holdings in Anywhere Real Estate were worth $8,759,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Frazier Financial Advisors LLC bought a new position in Anywhere Real Estate in the fourth quarter worth approximately $28,000. Headlands Technologies LLC purchased a new stake in shares of Anywhere Real Estate in the 2nd quarter worth $40,000. Versor Investments LP bought a new position in shares of Anywhere Real Estate during the 2nd quarter worth $54,000. Allegheny Financial Group LTD purchased a new position in shares of Anywhere Real Estate during the first quarter valued at $67,000. Finally, Optas LLC bought a new stake in shares of Anywhere Real Estate in the second quarter valued at about $68,000. 97.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Barclays dropped their target price 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 Stock Performance

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

Anywhere Real Estate (NYSE:HOUS) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.70 billion. Anywhere Real Estate had a negative return on equity of 5.65% and a negative net margin of 0.87%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 EPS. Research analysts expect that Anywhere Real Estate Inc. will post -0.55 EPS for the current fiscal year.

About Anywhere Real Estate

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.