Realogy Holdings Corp (NYSE:RLGY) Short Interest Down 6.9% in November

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Realogy Holdings Corp (NYSE:RLGY) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 36,760,000 shares, a drop of 6.9% from the October 31st total of 39,500,000 shares. Based on an average trading volume of 3,160,000 shares, the short-interest ratio is currently 11.6 days. Currently, 32.6% of the shares of the stock are short sold.

Large investors have recently modified their holdings of the stock. US Bancorp DE lifted its stake in Realogy by 140.1% in the 2nd quarter. US Bancorp DE now owns 3,642 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 2,125 shares during the last quarter. Versant Capital Management Inc lifted its stake in Realogy by 21,411.8% in the 2nd quarter. Versant Capital Management Inc now owns 3,657 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 3,640 shares during the last quarter. Parallel Advisors LLC bought a new position in Realogy in the 2nd quarter valued at approximately $27,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Realogy by 337.4% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,042 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 3,118 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Realogy by 1,373.6% during the second quarter. Signaturefd LLC now owns 4,082 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 3,805 shares during the last quarter.

Several analysts recently issued reports on the stock. Susquehanna Bancshares lowered shares of Realogy from a “neutral” rating to a “negative” rating and reduced their price target for the stock from $7.00 to $6.00 in a research report on Monday, November 11th. Compass Point set a $7.00 price target on shares of Realogy and gave the stock a “hold” rating in a research report on Friday, August 9th. TheStreet lowered shares of Realogy from a “c” rating to a “d+” rating in a research report on Friday, November 8th. ValuEngine upgraded shares of Realogy from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Evercore ISI reiterated a “hold” rating and set a $9.00 price target on shares of Realogy in a research report on Monday, November 11th. Four investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $7.79.

Shares of NYSE:RLGY opened at $10.47 on Monday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 6.98 and a beta of 1.72. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a 50 day simple moving average of $9.03 and a 200 day simple moving average of $7.01. Realogy has a one year low of $4.33 and a one year high of $19.73.

Realogy (NYSE:RLGY) last issued its quarterly earnings data on Thursday, November 7th. The financial services provider reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.18). The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.66 billion. Realogy had a negative net margin of 2.09% and a positive return on equity of 4.38%. Realogy’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. As a group, analysts expect that Realogy will post 1.01 EPS for the current year.

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.

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