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

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Alps Advisors Inc. purchased a new stake in shares of Realogy Holdings Corp (NYSE:RLGY) in the 4th quarter, according to its most recent Form 13F filing 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.

A number of other hedge funds and other institutional investors also recently modified their holdings of RLGY. Panagora Asset Management Inc. boosted its position in 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 purchasing an additional 3,100 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Realogy during the fourth quarter valued at approximately $151,000. Dupont Capital Management Corp acquired a new position in Realogy during the fourth quarter valued at approximately $189,000. Crossmark Global Holdings Inc. acquired a new position in Realogy during the third quarter valued at approximately $209,000. Finally, Great Lakes Advisors LLC acquired a new position in Realogy during the third quarter valued at approximately $214,000.

In other Realogy news, Director Michael J. Williams acquired 5,000 shares of the business’s stock in a transaction dated Friday, November 16th. The stock was bought at an average cost of $16.94 per share, with a total value of $84,700.00. Following the completion of the transaction, the director now directly owns 49,455 shares in the company, valued at approximately $837,767.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.78% of the company’s stock.

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

RLGY opened at $17.88 on Thursday. Realogy Holdings Corp has a 12-month low of $14.25 and a 12-month high of $28.07. The company has a market capitalization of $2.10 billion, a PE ratio of 11.39, a price-to-earnings-growth 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.

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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.

Further Reading: SEC Filing

Want to see what other hedge funds are holding RLGY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realogy Holdings Corp (NYSE:RLGY).

Institutional Ownership by Quarter for Realogy (NYSE:RLGY)

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