Realogy Holdings Corp (RLGY) Short Interest Update

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

In related news, Director Michael J. Williams acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The shares were acquired at an average cost of $16.94 per share, for a total transaction of $84,700.00. Following the completion of the purchase, the director now directly owns 49,455 shares in the company, valued at $837,767.70. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.78% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in RLGY. BOKF NA increased its stake in Realogy by 2.8% in the 4th quarter. BOKF NA now owns 40,889 shares of the financial services provider’s stock worth $600,000 after purchasing an additional 1,123 shares in the last quarter. Gator Capital Management LLC increased its stake in Realogy by 7.9% in the 4th quarter. Gator Capital Management LLC now owns 27,394 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 2,000 shares in the last quarter. Enlightenment Research LLC purchased a new position in Realogy in the 4th quarter worth about $31,000. United Services Automobile Association increased its stake in Realogy by 2.8% in the 4th quarter. United Services Automobile Association now owns 76,243 shares of the financial services provider’s stock worth $1,119,000 after purchasing an additional 2,111 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its stake in Realogy by 12.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 21,790 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 2,400 shares in the last quarter.

RLGY has been the topic of a number of research analyst reports. Susquehanna Bancshares initiated coverage on Realogy in a report on Thursday, November 29th. They set a “hold” rating and a $20.00 target price on the stock. Compass Point initiated coverage on Realogy in a report on Thursday, January 24th. They set a “neutral” rating and a $16.50 target price on the stock. Piper Jaffray Companies lowered Realogy from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $32.00 to $19.00 in a report on Monday, November 5th. Barclays set a $17.00 target price on Realogy and gave the stock a “sell” rating in a report on Monday, November 5th. Finally, Zacks Investment Research lowered Realogy from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 21st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $25.44.

NYSE:RLGY opened at $17.88 on Thursday. The stock 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. Realogy has a 52-week low of $14.25 and a 52-week high of $28.07. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.26.

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Realogy Company Profile

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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