Thrivent Financial for Lutherans lessened its stake in shares of Realogy Holdings Corp (NYSE:RLGY) by 65.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,044 shares of the financial services provider’s stock after selling 171,095 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Realogy worth $881,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in shares of Realogy by 49.6% during the 4th quarter. Versant Capital Management Inc now owns 3,419 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,133 shares during the period. Penserra Capital Management LLC increased its stake in shares of Realogy by 25.0% during the 3rd quarter. Penserra Capital Management LLC now owns 5,720 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 1,144 shares during the last quarter. Advisor Partners LLC purchased a new position in shares of Realogy during the 4th quarter worth about $102,000. Advisor Group Inc. lifted its holdings in shares of Realogy by 52.4% during the 4th quarter. Advisor Group Inc. now owns 10,735 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 3,690 shares during the period. Finally, World Asset Management Inc lifted its holdings in shares of Realogy by 8.3% during the 4th quarter. World Asset Management Inc now owns 16,478 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 1,264 shares during the period.
RLGY traded up $0.08 during trading on Thursday, hitting $3.49. 155,174 shares of the company’s stock were exchanged, compared to its average volume of 4,509,722. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.75. Realogy Holdings Corp has a 1 year low of $2.09 and a 1 year high of $13.88. The stock has a 50 day moving average price of $9.05 and a 200 day moving average price of $8.86. The firm has a market cap of $396.47 million, a P/E ratio of -2.76 and a beta of 1.82.
Realogy (NYSE:RLGY) last posted its earnings results on Tuesday, February 25th. The financial services provider reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.08. Realogy had a negative net margin of 2.50% and a positive return on equity of 5.32%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the business posted $0.04 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts forecast that Realogy Holdings Corp will post 0.96 earnings per share for the current fiscal year.
A number of research firms recently issued reports on RLGY. Zacks Investment Research downgraded shares of Realogy from a “buy” rating to a “hold” rating in a report on Thursday, March 12th. JPMorgan Chase & Co. lifted their price target on shares of Realogy from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Tuesday, December 3rd. ValuEngine raised shares of Realogy from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Stephens upped their price objective on Realogy from $10.50 to $13.50 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Finally, Susquehanna Bancshares raised Realogy from a “negative” rating to a “neutral” rating and set a $8.00 target price on the stock in a research report on Tuesday, March 10th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $8.71.
In other news, Director Enrique Silva acquired 11,570 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were purchased at an average price of $8.61 per share, for a total transaction of $99,617.70. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Katrina L. Helmkamp acquired 20,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was purchased at an average price of $8.87 per share, for a total transaction of $177,400.00. Following the acquisition, the chief executive officer now directly owns 97,655 shares in the company, valued at $866,199.85. The disclosure for this purchase can be found here. 1.60% of the stock is owned by corporate insiders.
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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