JPMorgan Chase & Co. Has $39,000 Position in Douglas Elliman Inc. (NYSE:DOUG)

JPMorgan Chase & Co. cut its holdings in shares of Douglas Elliman Inc. (NYSE:DOUG) by 74.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,533 shares of the company’s stock after selling 64,272 shares during the period. JPMorgan Chase & Co.’s holdings in Douglas Elliman were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of DOUG. Portolan Capital Management LLC acquired a new position in Douglas Elliman during the third quarter valued at approximately $5,327,000. Whetstone Capital Advisors LLC grew its stake in shares of Douglas Elliman by 21.0% during the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,484,347 shares of the company’s stock worth $2,716,000 after acquiring an additional 258,012 shares in the last quarter. GSA Capital Partners LLP grew its position in Douglas Elliman by 3.1% in the third quarter. GSA Capital Partners LLP now owns 771,159 shares of the company’s stock valued at $1,411,000 after purchasing an additional 22,868 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Douglas Elliman by 32.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 589,274 shares of the company’s stock worth $1,078,000 after acquiring an additional 144,847 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Douglas Elliman by 250.8% in the 2nd quarter. AQR Capital Management LLC now owns 100,295 shares of the company’s stock valued at $116,000 after buying an additional 71,703 shares during the last quarter. 59.56% of the stock is currently owned by institutional investors and hedge funds.

Douglas Elliman Stock Up 2.9 %

Shares of DOUG stock opened at $1.94 on Wednesday. The firm’s 50-day moving average is $1.86 and its 200-day moving average is $1.85. The stock has a market cap of $172.54 million, a price-to-earnings ratio of -1.88 and a beta of 1.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.62 and a current ratio of 4.62. Douglas Elliman Inc. has a 52-week low of $1.00 and a 52-week high of $2.98.

Douglas Elliman (NYSE:DOUG) last posted its earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The company had revenue of $266.32 million for the quarter, compared to analyst estimates of $239.19 million. Douglas Elliman had a negative return on equity of 22.85% and a negative net margin of 8.81%. During the same quarter in the prior year, the business posted ($0.06) EPS.

About Douglas Elliman

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.