Cullen Capital Management LLC Purchases Shares of 309,289 Douglas Elliman Inc. $DOUG

Cullen Capital Management LLC acquired a new position in shares of Douglas Elliman Inc. (NYSE:DOUG) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 309,289 shares of the company’s stock, valued at approximately $547,000.

A number of other large investors also recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Douglas Elliman during the second quarter valued at about $9,484,000. Saber Capital Managment LLC bought a new stake in Douglas Elliman in the 4th quarter worth about $2,982,000. Geode Capital Management LLC increased its stake in Douglas Elliman by 115.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,707,823 shares of the company’s stock valued at $3,963,000 after buying an additional 915,018 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Douglas Elliman by 36.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,474,443 shares of the company’s stock worth $7,077,000 after buying an additional 662,603 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Douglas Elliman during the 2nd quarter worth approximately $736,000. Institutional investors own 59.56% of the company’s stock.

Wall Street Analysts Forecast Growth

DOUG has been the topic of a number of research analyst reports. Wall Street Zen upgraded Douglas Elliman from a “sell” rating to a “buy” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded Douglas Elliman from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Douglas Elliman has an average rating of “Sell”.

Douglas Elliman Trading Down 0.3%

NYSE:DOUG opened at $1.95 on Wednesday. Douglas Elliman Inc. has a 12 month low of $1.53 and a 12 month high of $3.19. The firm’s 50 day moving average is $1.84 and its 200 day moving average is $1.91. The stock has a market capitalization of $176.78 million, a PE ratio of 11.44 and a beta of 1.86.

Douglas Elliman (NYSE:DOUG) last announced its quarterly earnings data on Friday, August 7th. The company reported ($0.05) earnings per share for the quarter. Douglas Elliman had a net margin of 2.47% and a negative return on equity of 19.16%. The firm had revenue of $283.45 million for the quarter.

Douglas Elliman Company 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.