Realogy Holdings Corp (RLGY) Short Interest Update

Realogy Holdings Corp (NYSE:RLGY) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 27,486,714 shares, a growth of 12.3% from the January 15th total of 24,484,718 shares. Based on an average daily trading volume, of 1,704,199 shares, the days-to-cover ratio is presently 16.1 days. Currently, 23.6% of the company’s stock are sold short.

Shares of RLGY opened at $17.88 on Thursday. Realogy has a 12-month low of $14.25 and a 12-month high of $28.07. The firm has a market cap of $2.10 billion, a P/E ratio of 11.39, a PEG ratio of 0.54 and a beta of 1.45. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.26.

In related news, Director Michael J. Williams purchased 5,000 shares of the firm’s stock in a transaction dated Friday, November 16th. The stock was acquired at an average price of $16.94 per share, with a total value of $84,700.00. Following the completion of the transaction, the director now owns 49,455 shares of the company’s stock, valued at $837,767.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.78% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of RLGY. BlackRock Inc. lifted its stake in Realogy by 89.1% in the third quarter. BlackRock Inc. now owns 11,293,484 shares of the financial services provider’s stock valued at $233,097,000 after buying an additional 5,320,228 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Realogy by 77.9% in the third quarter. Clearbridge Investments LLC now owns 6,142,068 shares of the financial services provider’s stock valued at $126,772,000 after buying an additional 2,689,633 shares during the last quarter. Vanguard Group Inc lifted its stake in Realogy by 7.1% in the third quarter. Vanguard Group Inc now owns 18,269,980 shares of the financial services provider’s stock valued at $377,092,000 after buying an additional 1,213,178 shares during the last quarter. Vanguard Group Inc. lifted its stake in Realogy by 7.1% in the third quarter. Vanguard Group Inc. now owns 18,269,980 shares of the financial services provider’s stock valued at $377,092,000 after buying an additional 1,213,178 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Realogy by 132.4% in the third quarter. Bank of New York Mellon Corp now owns 1,423,116 shares of the financial services provider’s stock valued at $29,374,000 after buying an additional 810,819 shares during the last quarter.

Several brokerages recently issued reports on RLGY. Compass Point began coverage on Realogy in a research note on Thursday, January 24th. They set a “neutral” rating and a $16.50 price objective on the stock. Susquehanna Bancshares began coverage on Realogy in a research note on Thursday, November 29th. They set a “hold” rating and a $20.00 price objective on the stock. Zacks Investment Research cut Realogy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 21st. Barclays set a $17.00 price objective on Realogy and gave the stock a “sell” rating in a research note on Monday, November 5th. Finally, Piper Jaffray Companies cut Realogy from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $32.00 to $19.00 in a research note on Monday, November 5th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $25.44.

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About Realogy

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.

Read More: Return on Equity (ROE)

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