Clovis Capital Management Lp Lowers stake in Realogy Holdings Corp (RLGY)

Realogy Holdings Corp (RLGY) : Clovis Capital Management Lp reduced its stake in Realogy Holdings Corp by 48.58% during the most recent quarter end. The investment management company now holds a total of 186,714 shares of Realogy Holdings Corp which is valued at $5,136,502 after selling 176,395 shares in Realogy Holdings Corp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Realogy Holdings Corp makes up approximately 3.61% of Clovis Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Quadrature Capital Ltd sold out all of its stake in RLGY during the most recent quarter. The investment firm sold 48,873 shares of RLGY which is valued $1,344,496. Peak6 Investments sold out all of its stake in RLGY during the most recent quarter. The investment firm sold 51,870 shares of RLGY which is valued $1,426,944. Nine Chapters Capital Management sold out all of its stake in RLGY during the most recent quarter. The investment firm sold 12,200 shares of RLGY which is valued $329,644.Montag A Associates Inc reduced its stake in RLGY by selling 3,150 shares or 5.6% in the most recent quarter. The Hedge Fund company now holds 53,050 shares of RLGY which is valued at $1,623,330. Realogy Holdings Corp makes up approx 0.21% of Montag A Associates Inc’s portfolio.

Realogy Holdings Corp opened for trading at $26.81 and hit $27.585 on the upside on Tuesday, eventually ending the session at $27.51, with a gain of 3.23% or 0.86 points. The heightened volatility saw the trading volume jump to 17,74,168 shares. Company has a market cap of $3,991 M.

On the company’s financial health, Realogy Holdings Corp reported $0.74 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.78. The company had revenue of $1662.00 million for the quarter, compared to analysts expectations of $1713.30 million. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on Realogy Holdings Corp. Shares were Reiterated by Compass Point on Aug 5, 2016 to “Buy” and Lowered the Price Target to $ 35 from a previous price target of $40 .Realogy Holdings Corp was Upgraded by Keefe Bruyette to ” Outperform” on Jul 25, 2016.

Realogy Holdings Corp. is a franchisor of residential real estate brokerages and a provider of outsourced employee relocation and title and settlement services in the United States. The Company has four operating segments: Real Estate Franchise Services (RFG) Company Owned Real Estate Brokerage Services (NRT) Relocation Services (Cartus) and Title and Settlement Services (TRG). The RFG segment is a franchisor of residential real estate brokerage services. The NRT segment owns and operates a residential real estate brokerage business in the United States. The Cartus segment provides outsourced employee relocation services. The TRG segment provides full-service title and settlement services to its clients. The Company’s portfolio of brokerage brands includes Century 21 Coldwell Banker Coldwell Banker Commercial ERA Sotheby’s International Realty Better Homes and Gardens Real Estate The Corcoran Group ZipRealty and Citi Habitats.

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