Realogy Holdings Corp (RLGY) Holdings Lowered by C M Bidwell & Associates Ltd.
C M Bidwell & Associates Ltd. trimmed its position in Realogy Holdings Corp (NYSE:RLGY) by 77.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,240 shares of the financial services provider’s stock after selling 11,165 shares during the quarter. C M Bidwell & Associates Ltd.’s holdings in Realogy Holdings Corp were worth $105,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in RLGY. Federated Investors Inc. PA acquired a new position in shares of Realogy Holdings Corp in the second quarter worth about $101,000. Mckinley Capital Management LLC Delaware acquired a new position in shares of Realogy Holdings Corp in the second quarter worth about $119,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of Realogy Holdings Corp by 310.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,100 shares of the financial services provider’s stock worth $122,000 after buying an additional 3,100 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Realogy Holdings Corp by 2.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,136 shares of the financial services provider’s stock worth $123,000 after buying an additional 86 shares during the period. Finally, Petrus Trust Company LTA acquired a new position in shares of Realogy Holdings Corp in the second quarter worth about $202,000.
In related news, SVP Timothy B. Gustavson sold 3,093 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $34.84, for a total value of $107,760.12. Following the completion of the transaction, the senior vice president now directly owns 8,705 shares in the company, valued at approximately $303,282.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.
Realogy Holdings Corp (RLGY) traded up 0.15% during mid-day trading on Wednesday, hitting $33.20. 57,883 shares of the company traded hands. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 19.35 and a beta of 1.39. The company’s 50-day moving average price is $33.90 and its 200 day moving average price is $32.02. Realogy Holdings Corp has a one year low of $21.43 and a one year high of $35.18.
Realogy Holdings Corp (NYSE:RLGY) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.03. Realogy Holdings Corp had a return on equity of 9.53% and a net margin of 4.06%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the firm earned $0.74 EPS. Realogy Holdings Corp’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts anticipate that Realogy Holdings Corp will post $1.73 earnings per share for the current fiscal year.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Realogy Holdings Corp from a “hold” rating to a “strong-buy” rating and set a $38.00 target price for the company in a report on Friday, July 14th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $38.00 target price on shares of Realogy Holdings Corp in a report on Thursday, August 10th. Barclays PLC reiterated an “underweight” rating on shares of Realogy Holdings Corp in a report on Thursday, July 13th. BidaskClub upgraded shares of Realogy Holdings Corp from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, TheStreet upgraded shares of Realogy Holdings Corp from a “c+” rating to a “b” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Realogy Holdings Corp has an average rating of “Hold” and an average target price of $34.75.
Realogy Holdings Corp Company Profile
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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