As Realogy Hldgs Corp (NYSE:RLGY) Price Rose, Okumus Fund Management Ltd Bought More

May 17, 2018 - By Vernon Prom

Realogy Holdings Corp. (NYSE:RLGY) Corporate LogoBig Money Sentiment increased to 1.3 in Q4 2017. It has change of 0.01, from 2017Q3’s 1.29. The ratio improved due to RLGY positioning: 44 sold and 61 reduced. 44 funds amassed positions and 92 increased positions. Investors holded 137.57 million in 2017Q3 but now own 148.99 million shares or 8.30% more. Advent Interest Ma, a Massachusetts-based fund reported 305,889 shs. Moreover, Wellington Mgmt Gru Ltd Liability Partnership has 0.01% invested in Realogy Holdings Corp. (NYSE:RLGY) for 2.48 million shs. Invesco holds 3.32 million shs or 0.03% of its capital. Jpmorgan Chase owns 3.01M shs for 0.02% of their capital. 573,798 are owned by Denver Inv Advsr Limited Liability Company. Pennsylvania-based Stevens Cap Management L P has invested 0.01% in Realogy Holdings Corp. (NYSE:RLGY). 24,441 are owned by Peak6 Invests Ltd Partnership. Canada Pension Plan Investment Board reported 0.15% stake. Ahl Partners Llp accumulated 377,058 shs. D E Shaw Co accumulated 6.80 million shs. Guggenheim Capital reported 146,284 shs or 0.01% of all its holdings. Connecticut-based Ellington Mgmt Limited Liability Company has invested 0.06% in Realogy Holdings Corp. (NYSE:RLGY). State Street holds 1.74M shs or 0% of its capital. Secor Lp holds 52,092 shs or 0.05% of its capital. Gator Capital Ltd Limited Liability Company owns 32,494 shs.

According to 2018Q1 Securities and Exchange report Okumus Fund Management Ltd increased its stake in Realogy Hldgs Corp (NYSE:RLGY) by 43.26%. Realogy Hldgs Corp (NYSE:RLGY) stock Popped Up 2.84% while Okumus Fund Management Ltd bought 2.48M shares. Okumus Fund Management Ltd’s position was priced at $224.46M for 8.23 million shares. It’s up from 5.74M last quarter. Okumus Fund Management Ltd cut its stake in and reduced position by shares for a total of shares.

Ahmet Okumus is the founder of Okumus Fund Management which is based in New York. The company which main focus is on mid and large cap equity space is a staunch value investor.

Realogy Holdings Corp. (NYSE:RLGY) Ratings Coverage

In total 6 analysts cover Realogy (NYSE:RLGY). “Buy” rating has 2, “Sell” are 3, while 1 are “Hold”. 33% are bullish. With $36.0 highest and $21 lowest PT Realogy has $30 average PT or 22.60% above the current ($24.47) price. 9 are the (NYSE:RLGY)’s analyst reports since December 6, 2017 according to StockzIntelligence Inc. The stock rating was maintained by Barclays Capital with “Underweight” on Wednesday, February 28. On Monday, January 29 Piper Jaffray maintained Realogy Holdings Corp. (NYSE:RLGY) rating. Piper Jaffray has “Buy” rating and $35.0 target. On Friday, December 15 J.P. Morgan downgraded the shares of RLGY in report to “Sell” rating. On Friday, December 22 the stock of Realogy Holdings Corp. (NYSE:RLGY) earned “Buy” rating by Piper Jaffray. On Thursday, December 21 the firm has “Hold” rating by Keefe Bruyette & Woods given. On Tuesday, February 27 the stock has “Buy” rating by Piper Jaffray. On Friday, December 15 the company was downgraded by JP Morgan. On Friday, May 4 Citigroup maintained the shares of RLGY in report with “Buy” rating.

Realogy Holdings Corp. provides real estate services.The firm is worth $3.12 billion. It operates through four divisions: Real Estate Franchise Services , Company Owned Real Estate Brokerage Services (NRT), Relocation Services (Cartus), and Title and Settlement Services (TRG).7.87 is the P/E ratio. The RFG segment franchises its real estate brokerage franchise systems under the Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA, SothebyÂ’s International Realty, and Better Homes and Gardens Real Estate brand names to real estate brokerage businesses.

Realogy Holdings Corp. (NYSE:RLGY) Institutional Investors Chart

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