Realogy Holdings Corp (NYSE:RLGY) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 30,790,000 shares, an increase of 5.8% from the May 30th total of 29,109,400 shares. Currently, 27.6% of the company’s shares are sold short. Based on an average daily trading volume, of 3,560,000 shares, the short-interest ratio is presently 8.6 days.
In other Realogy news, CEO Ryan M. Schneider purchased 119,300 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average cost of $8.38 per share, with a total value of $999,734.00. Following the completion of the purchase, the chief executive officer now directly owns 352,761 shares in the company, valued at approximately $2,956,137.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.20% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Realogy in the first quarter valued at approximately $25,000. Versant Capital Management Inc boosted its holdings in shares of Realogy by 21,411.8% in the second quarter. Versant Capital Management Inc now owns 3,657 shares of the financial services provider’s stock valued at $26,000 after buying an additional 3,640 shares during the period. NumerixS Investment Technologies Inc boosted its holdings in shares of Realogy by 40.4% in the first quarter. NumerixS Investment Technologies Inc now owns 8,000 shares of the financial services provider’s stock valued at $90,000 after buying an additional 2,300 shares during the period. Weiss Asset Management LP acquired a new position in shares of Realogy in the first quarter valued at approximately $135,000. Finally, Allstate Corp acquired a new position in shares of Realogy in the first quarter valued at approximately $157,000.
RLGY has been the subject of a number of recent research reports. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. JPMorgan Chase & Co. dropped their price target on shares of Realogy from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Thursday, April 4th. Barclays set a $5.00 price target on shares of Amneal Pharmaceuticals and gave the stock a “hold” rating in a research note on Thursday, July 11th. Compass Point raised shares of Realogy from a “sell” rating to a “neutral” rating in a research note on Monday, July 8th. Finally, Stephens raised shares of Redfin from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $18.00 to $23.00 in a research note on Monday, June 10th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Realogy currently has a consensus rating of “Hold” and an average target price of $12.00.
Shares of NYSE RLGY opened at $5.86 on Wednesday. The firm has a market capitalization of $638.45 million, a PE ratio of 3.91 and a beta of 1.71. The firm’s 50 day moving average price is $6.85. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.58 and a current ratio of 0.58. Realogy has a 52-week low of $5.45 and a 52-week high of $24.87.
Realogy (NYSE:RLGY) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.67) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.67). The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Realogy had a net margin of 1.76% and a return on equity of 6.82%. The business’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.38) earnings per share. On average, analysts forecast that Realogy will post 1.05 EPS for the current year.
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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