Quantbot Technologies LP Invests $264,000 in Realogy Holdings Corp. (RLGY) Stock
Quantbot Technologies LP purchased a new stake in shares of Realogy Holdings Corp. (NYSE:RLGY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,142 shares of the financial services provider’s stock, valued at approximately $264,000.
A number of other hedge funds have also recently made changes to their positions in RLGY. PNC Financial Services Group Inc. boosted its stake in Realogy Holdings Corp. by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 4,153 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 17 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Realogy Holdings Corp. by 0.8% during the first quarter. New York State Teachers Retirement System now owns 12,900 shares of the financial services provider’s stock worth $384,000 after purchasing an additional 100 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Realogy Holdings Corp. by 0.5% during the second quarter. M&T Bank Corp now owns 24,955 shares of the financial services provider’s stock worth $810,000 after purchasing an additional 134 shares during the last quarter. Comerica Bank grew its holdings in shares of Realogy Holdings Corp. by 3.3% during the second quarter. Comerica Bank now owns 7,944 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 257 shares during the last quarter. Finally, Stephens Inc. AR grew its holdings in shares of Realogy Holdings Corp. by 1.0% during the second quarter. Stephens Inc. AR now owns 50,402 shares of the financial services provider’s stock worth $1,636,000 after purchasing an additional 484 shares during the last quarter.
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In related news, SVP Timothy B. Gustavson sold 3,093 shares of the company’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 sale, the senior vice president now directly owns 8,705 shares in the company, valued at $303,282.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by insiders.
A number of brokerages have recently weighed in on RLGY. Barclays PLC raised their target price on Realogy Holdings Corp. from $23.00 to $24.00 and gave the company an “underweight” rating in a research note on Friday, August 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $38.00 price target on shares of Realogy Holdings Corp. in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Wednesday, September 27th. BidaskClub lowered shares of Realogy Holdings Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, TheStreet raised shares of Realogy Holdings Corp. from a “c+” rating to a “b” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Realogy Holdings Corp. presently has a consensus rating of “Hold” and an average target price of $34.75.
Shares of Realogy Holdings Corp. (NYSE:RLGY) opened at 33.63 on Wednesday. The stock’s 50 day moving average price is $34.01 and its 200-day moving average price is $31.85. The company has a market cap of $4.58 billion, a P/E ratio of 19.60 and a beta of 1.39. Realogy Holdings Corp. has a 52-week low of $21.43 and a 52-week 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, topping the Zacks’ 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 company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the company earned $0.74 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. Equities analysts expect that Realogy Holdings Corp. will post $1.73 EPS for the current year.
Realogy Holdings Corp. 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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