Ashford Investment Management Exits Position in Realogy Holdings Corp (RLGY)

Realogy Holdings Corp (RLGY) : Ashford Investment Management has sold out all of its stake in Realogy Holdings Corp during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 40,800 shares of Realogy Holdings Corp which is valued at $1,122,408.

Other Hedge Funds, Including , Janus Capital Management reduced its stake in RLGY by selling 16,000 shares or 46.38% in the most recent quarter. The Hedge Fund company now holds 18,500 shares of RLGY which is valued at $508,935.Engineers Gate Manager Lp reduced its stake in RLGY by selling 15,480 shares or 10.72% in the most recent quarter. The Hedge Fund company now holds 128,884 shares of RLGY which is valued at $3,545,599. Realogy Holdings Corp makes up approx 0.24% of Engineers Gate Manager Lp’s portfolio.Trexquant Investment Lp reduced its stake in RLGY by selling 13,200 shares or 49.44% in the most recent quarter. The Hedge Fund company now holds 13,500 shares of RLGY which is valued at $371,385. Realogy Holdings Corp makes up approx 0.05% of Trexquant Investment Lp’s portfolio. Fuller Thaler Asset Management added RLGY to its portfolio by purchasing 3,100 company shares during the most recent quarter which is valued at $83,979.New York State Teachers Retirement System reduced its stake in RLGY by selling 100 shares or 0.78% in the most recent quarter. The Hedge Fund company now holds 12,700 shares of RLGY which is valued at $390,652.

Realogy Holdings Corp opened for trading at $27.11 and hit $27.56 on the upside on Monday, eventually ending the session at $27.33, with a gain of 1.37% or 0.37 points. The heightened volatility saw the trading volume jump to 11,63,769 shares. Company has a market cap of $3,965 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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