1,258,261 Shares in Douglas Elliman Inc. $DOUG Bought by Saber Capital Managment LLC

Saber Capital Managment LLC acquired a new position in shares of Douglas Elliman Inc. (NYSE:DOUG) during the fourth quarter, HoldingsChannel reports. The firm acquired 1,258,261 shares of the company’s stock, valued at approximately $2,982,000. Douglas Elliman comprises 2.5% of Saber Capital Managment LLC’s holdings, making the stock its 14th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Walleye Capital LLC acquired a new stake in Douglas Elliman in the 2nd quarter valued at $29,000. SG Americas Securities LLC acquired a new stake in Douglas Elliman in the 4th quarter valued at $34,000. Alliancebernstein L.P. acquired a new stake in Douglas Elliman in the 3rd quarter valued at $45,000. EntryPoint Capital LLC acquired a new stake in Douglas Elliman in the 4th quarter valued at $40,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Douglas Elliman in the 2nd quarter valued at $61,000. 59.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Douglas Elliman Price Performance

Shares of DOUG opened at $1.71 on Monday. The firm has a 50-day moving average of $1.80 and a 200-day moving average of $2.18. Douglas Elliman Inc. has a one year low of $1.53 and a one year high of $3.19. The company has a market cap of $155.73 million, a PE ratio of -24.47 and a beta of 1.87.

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