Renaissance Technologies LLC Reduces Holdings in Douglas Elliman Inc. $DOUG

Renaissance Technologies LLC reduced its position in Douglas Elliman Inc. (NYSE:DOUG) by 9.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,151,124 shares of the company’s stock after selling 341,280 shares during the quarter. Renaissance Technologies LLC owned about 3.47% of Douglas Elliman worth $5,168,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DOUG. Walleye Capital LLC acquired a new stake in Douglas Elliman during the 2nd quarter worth $29,000. SG Americas Securities LLC acquired a new stake in shares of Douglas Elliman in the fourth quarter valued at about $34,000. Virtu Financial LLC acquired a new stake in shares of Douglas Elliman in the fourth quarter valued at about $36,000. EntryPoint Capital LLC purchased a new position in shares of Douglas Elliman in the fourth quarter worth about $40,000. Finally, Alliancebernstein L.P. purchased a new position in shares of Douglas Elliman in the third quarter worth about $45,000. Hedge funds and other institutional investors own 59.56% of the company’s stock.

Douglas Elliman Trading Down 0.3%

Shares of DOUG opened at $1.75 on Thursday. The firm has a market cap of $159.55 million, a P/E ratio of -25.07 and a beta of 1.86. Douglas Elliman Inc. has a 12-month low of $1.53 and a 12-month high of $3.19. The company’s 50-day moving average price is $1.79 and its 200 day moving average price is $1.99.

Douglas Elliman (NYSE:DOUG) last announced its earnings results on Friday, May 8th. The company reported ($0.14) earnings per share for the quarter. Douglas Elliman had a negative return on equity of 20.59% and a net margin of 0.50%.The company had revenue of $214.33 million for the quarter.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings cut shares of Douglas Elliman from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 8th. Wall Street Zen lowered shares of Douglas Elliman from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Douglas Elliman Profile

Douglas Elliman (NYSE: DOUG) is one of the largest residential real estate brokerages in the United States, offering an array of services that span property sales, leasing and management. Founded in 1911 and headquartered in New York City, the firm has built a reputation for representing high-end residential properties and guiding clients through complex real estate transactions. Over the course of its history, Douglas Elliman has expanded its offerings to include specialized support for developers, investors and individual homeowners.

The company’s core business activities include residential brokerage, new development marketing, and property management.