Truffle Hound Capital LLC Reduces Holdings in Douglas Elliman Inc. $DOUG

Truffle Hound Capital LLC reduced its holdings in shares of Douglas Elliman Inc. (NYSE:DOUG) by 40.0% in the third quarter, Holdings Channel reports. The institutional investor owned 1,200,000 shares of the company’s stock after selling 800,000 shares during the period. Douglas Elliman comprises about 1.0% of Truffle Hound Capital LLC’s portfolio, making the stock its 21st biggest holding. Truffle Hound Capital LLC’s holdings in Douglas Elliman were worth $3,432,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers increased its stake in shares of Douglas Elliman by 13.0% in the 2nd quarter. Cetera Investment Advisers now owns 63,815 shares of the company’s stock worth $148,000 after purchasing an additional 7,331 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Douglas Elliman by 49.5% during the second quarter. Raymond James Financial Inc. now owns 32,217 shares of the company’s stock valued at $75,000 after purchasing an additional 10,660 shares during the period. American Century Companies Inc. increased its position in Douglas Elliman by 15.8% in the second quarter. American Century Companies Inc. now owns 87,932 shares of the company’s stock worth $204,000 after buying an additional 12,027 shares in the last quarter. Walleye Capital LLC bought a new position in shares of Douglas Elliman in the second quarter worth about $29,000. Finally, ProShare Advisors LLC bought a new stake in Douglas Elliman during the 2nd quarter worth approximately $35,000. 59.56% of the stock is currently owned by institutional investors.

Douglas Elliman Trading Up 4.4%

Douglas Elliman stock opened at $2.52 on Friday. Douglas Elliman Inc. has a 1 year low of $1.48 and a 1 year high of $3.20. The firm’s 50 day moving average price is $2.58 and its 200-day moving average price is $2.61. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.30 and a quick ratio of 3.30. The stock has a market cap of $223.38 million, a P/E ratio of -3.59 and a beta of 1.76.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Douglas Elliman in a research report on Wednesday, January 21st. Wall Street Zen raised shares of Douglas Elliman from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Douglas Elliman has an average rating of “Sell”.

About Douglas Elliman

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.