Beaconlight Capital buys $14,159,314 stake in Realogy Holdings Corp (RLGY)

Realogy Holdings Corp (RLGY) : Beaconlight Capital scooped up 64,100 additional shares in Realogy Holdings Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 514,697 shares of Realogy Holdings Corp which is valued at $14,159,314.Realogy Holdings Corp makes up approximately 6.77% of Beaconlight Capital’s portfolio.

Other Hedge Funds, Including , Absolute Return Capital boosted its stake in RLGY in the latest quarter, The investment management firm added 7,450 additional shares and now holds a total of 26,271 shares of Realogy Holdings Corp which is valued at $722,715. Realogy Holdings Corp makes up approx 0.04% of Absolute Return Capital’s portfolio.Massachusetts Financial Services Co reduced its stake in RLGY by selling 1,185,674 shares or 43.4% in the most recent quarter. The Hedge Fund company now holds 1,546,462 shares of RLGY which is valued at $42,543,170. Realogy Holdings Corp makes up approx 0.02% of Massachusetts Financial Services Co’s portfolio.Sound Shore Management Inc Ct reduced its stake in RLGY by selling 1,423,766 shares or 38.84% in the most recent quarter. The Hedge Fund company now holds 2,242,112 shares of RLGY which is valued at $60,738,814. Realogy Holdings Corp makes up approx 1.05% of Sound Shore Management Inc Ct’s portfolio. Simplex Trading sold out all of its stake in RLGY during the most recent quarter. The investment firm sold 3,321 shares of RLGY which is valued $100,128.

Realogy Holdings Corp closed down -0.37 points or -1.38% at $26.47 with 13,03,901 shares getting traded on Thursday. Post opening the session at $26.84, the shares hit an intraday low of $26.255 and an intraday high of $27.03 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

Leave a Reply

Realogy Holdings Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Realogy Holdings Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.