Russell Investments Group Ltd. Trims Position in Realogy Holdings Corp (NYSE:RLGY)

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Russell Investments Group Ltd. decreased its position in shares of Realogy Holdings Corp (NYSE:RLGY) by 17.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 40,945 shares of the financial services provider’s stock after selling 8,662 shares during the period. Russell Investments Group Ltd.’s holdings in Realogy were worth $274,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in RLGY. Louisiana State Employees Retirement System increased its position in Realogy by 40.1% during the second quarter. Louisiana State Employees Retirement System now owns 42,600 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 12,200 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Realogy by 18.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 55,781 shares of the financial services provider’s stock worth $404,000 after purchasing an additional 8,609 shares during the last quarter. New York State Teachers Retirement System increased its position in Realogy by 98.1% during the second quarter. New York State Teachers Retirement System now owns 86,509 shares of the financial services provider’s stock worth $626,000 after purchasing an additional 42,850 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Realogy by 51.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,156,064 shares of the financial services provider’s stock worth $8,367,000 after purchasing an additional 390,843 shares during the last quarter. Finally, World Asset Management Inc acquired a new position in Realogy during the second quarter worth approximately $83,000.

RLGY has been the subject of several recent research reports. Compass Point set a $7.00 price objective 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. Zacks Investment Research lowered shares of Realogy from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. ValuEngine raised shares of Realogy from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Susquehanna Bancshares lowered shares of Realogy from a “neutral” rating to a “negative” rating and dropped their price objective for the stock from $7.00 to $6.00 in a research report on Monday, November 11th. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $7.79.

Realogy stock opened at $10.46 on Tuesday. Realogy Holdings Corp has a 52-week low of $4.33 and a 52-week high of $19.67. The firm has a fifty day moving average of $9.23 and a 200-day moving average of $7.04. The firm has a market capitalization of $1.20 billion, a P/E ratio of 6.97 and a beta of 1.80. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.80.

Realogy (NYSE:RLGY) last released its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.18). The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates 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 business posted $0.85 earnings per share. On average, research analysts expect that Realogy Holdings Corp will post 1.01 EPS for the current fiscal 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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Institutional Ownership by Quarter for Realogy (NYSE:RLGY)

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