39,053 Shares in Realogy Holdings Corp. (RLGY) Acquired by Stephens Inc. AR
Stephens Inc. AR acquired a new stake in shares of Realogy Holdings Corp. (NYSE:RLGY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 39,053 shares of the company’s stock, valued at approximately $1,010,000.
A number of other institutional investors have also made changes to their positions in RLGY. Westpac Banking Corp increased its position in Realogy Holdings Corp. by 29.4% in the second quarter. Westpac Banking Corp now owns 7,889 shares of the company’s stock worth $229,000 after buying an additional 1,794 shares during the last quarter. Teacher Retirement System of Texas increased its position in Realogy Holdings Corp. by 31.1% in the second quarter. Teacher Retirement System of Texas now owns 10,475 shares of the company’s stock worth $304,000 after buying an additional 2,486 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Realogy Holdings Corp. by 5.8% in the second quarter. UBS Asset Management Americas Inc. now owns 368,918 shares of the company’s stock worth $10,707,000 after buying an additional 20,225 shares during the last quarter. JPMorgan Chase & Co. increased its position in Realogy Holdings Corp. by 26.6% in the second quarter. JPMorgan Chase & Co. now owns 1,645,599 shares of the company’s stock worth $47,756,000 after buying an additional 345,726 shares during the last quarter. Finally, Armstrong Shaw Associates Inc. CT increased its position in Realogy Holdings Corp. by 44.8% in the second quarter. Armstrong Shaw Associates Inc. CT now owns 386,008 shares of the company’s stock worth $11,202,000 after buying an additional 119,400 shares during the last quarter.
Realogy Holdings Corp. (NYSE:RLGY) traded up 0.65% during midday trading on Friday, reaching $26.27. The company’s stock had a trading volume of 657,740 shares. The stock’s 50-day moving average price is $25.79 and its 200 day moving average price is $26.32. The firm has a market capitalization of $3.75 billion, a PE ratio of 23.50 and a beta of 1.41. Realogy Holdings Corp. has a 1-year low of $21.43 and a 1-year high of $37.33.
Realogy Holdings Corp. (NYSE:RLGY) last posted its earnings results on Friday, November 4th. The company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.02. Realogy Holdings Corp. had a net margin of 2.86% and a return on equity of 10.01%. The business earned $1.64 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. Realogy Holdings Corp.’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities analysts anticipate that Realogy Holdings Corp. will post $1.27 EPS for the current fiscal year.
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A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Realogy Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday. Barclays PLC assumed coverage on Realogy Holdings Corp. in a research report on Thursday, January 5th. They set an “underweight” rating and a $23.00 price target on the stock. Wedbush raised Realogy Holdings Corp. from a “neutral” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Monday, December 19th. They noted that the move was a valuation call. Finally, Evercore ISI assumed coverage on Realogy Holdings Corp. in a research report on Monday, November 14th. They set a “hold” rating and a $26.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.10.
In other Realogy Holdings Corp. news, CEO Richard A. Smith bought 5,000 shares of Realogy Holdings Corp. stock in a transaction on Thursday, November 10th. The shares were bought at an average price of $24.19 per share, for a total transaction of $120,950.00. Following the completion of the transaction, the chief executive officer now directly owns 413,311 shares of the company’s stock, valued at $9,997,993.09. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.40% of the stock is owned by company insiders.
About Realogy Holdings Corp.
Realogy Holdings Corp. is an integrated provider of residential real estate services in the United States. The Company is the franchisor of residential real estate brokerages with some of the recognized brands in the real estate industry, the owner of United States residential real estate brokerage offices, the global provider of outsourced employee relocation services and a provider of title and settlement services.
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