Alps Advisors Inc. Takes $580,000 Position in Realogy Holdings Corp (RLGY)

Alps Advisors Inc. purchased a new stake in shares of Realogy Holdings Corp (NYSE:RLGY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,510 shares of the financial services provider’s stock, valued at approximately $580,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Gator Capital Management LLC lifted its stake in shares of Realogy by 7.9% during the fourth quarter. Gator Capital Management LLC now owns 27,394 shares of the financial services provider’s stock valued at $402,000 after acquiring an additional 2,000 shares during the period. Xact Kapitalforvaltning AB lifted its stake in shares of Realogy by 12.4% during the fourth quarter. Xact Kapitalforvaltning AB now owns 21,790 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 2,400 shares during the period. OLD National Bancorp IN lifted its stake in shares of Realogy by 9.0% during the fourth quarter. OLD National Bancorp IN now owns 29,052 shares of the financial services provider’s stock valued at $426,000 after acquiring an additional 2,400 shares during the period. Panagora Asset Management Inc. lifted its stake in shares of Realogy by 87.6% during the third quarter. Panagora Asset Management Inc. now owns 6,638 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 3,100 shares during the period. Finally, Thompson Investment Management Inc. lifted its stake in shares of Realogy by 15.2% during the third quarter. Thompson Investment Management Inc. now owns 23,700 shares of the financial services provider’s stock valued at $489,000 after acquiring an additional 3,125 shares during the period.

In related news, Director Michael J. Williams acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The stock was acquired at an average price of $16.94 per share, for a total transaction of $84,700.00. Following the completion of the acquisition, the director now owns 49,455 shares of the company’s stock, valued at approximately $837,767.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.78% of the company’s stock.

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

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

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Realogy 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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Institutional Ownership by Quarter for Realogy (NYSE:RLGY)

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