Financial Advantage Inc. Increases Stock Position in Realogy Holdings Corp (NYSE:RLGY)

Financial Advantage Inc. grew its stake in shares of Realogy Holdings Corp (NYSE:RLGY) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 180,658 shares of the financial services provider’s stock after acquiring an additional 3,676 shares during the quarter. Realogy comprises about 0.9% of Financial Advantage Inc.’s investment portfolio, making the stock its 26th biggest holding. Financial Advantage Inc. owned 0.16% of Realogy worth $1,307,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Realogy during the 1st quarter valued at about $25,000. Skylands Capital LLC boosted its holdings in shares of Realogy by 341.1% during the 1st quarter. Skylands Capital LLC now owns 215,050 shares of the financial services provider’s stock valued at $2,452,000 after acquiring an additional 166,300 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Realogy by 4,908.2% during the 1st quarter. Meeder Asset Management Inc. now owns 41,318 shares of the financial services provider’s stock valued at $471,000 after acquiring an additional 40,493 shares during the last quarter. Allstate Corp purchased a new stake in shares of Realogy during the 1st quarter valued at about $157,000. Finally, Hi Line Capital Management LLC boosted its holdings in shares of Realogy by 97.8% during the 1st quarter. Hi Line Capital Management LLC now owns 278,332 shares of the financial services provider’s stock valued at $3,173,000 after acquiring an additional 137,590 shares during the last quarter.

In other news, CEO Ryan M. Schneider bought 119,300 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average price of $8.38 per share, for a total transaction of $999,734.00. Following the purchase, the chief executive officer now owns 352,761 shares in the company, valued at $2,956,137.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

A number of equities analysts recently issued reports on RLGY shares. Zacks Investment Research raised shares of Realogy from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Compass Point raised shares of Realogy from a “sell” rating to a “neutral” rating in a report on Monday, July 8th. Stephens downgraded shares of Realogy from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $16.00 to $8.00 in a report on Monday, June 10th. JPMorgan Chase & Co. dropped their price objective on shares of Realogy from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Thursday, April 4th. Finally, Barclays dropped their price objective on shares of Realogy from $9.00 to $5.00 and set an “underweight” rating on the stock in a report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Realogy has a consensus rating of “Hold” and an average target price of $12.00.

RLGY opened at $4.84 on Friday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $597.34 million, a P/E ratio of 3.23 and a beta of 1.71. The business has a 50 day simple moving average of $6.26. Realogy Holdings Corp has a 12-month low of $4.77 and a 12-month high of $24.87.

Realogy (NYSE:RLGY) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.67) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.67). Realogy had a net margin of 1.76% and a return on equity of 6.82%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the firm posted ($0.38) earnings per share. The firm’s revenue was down 9.4% compared to the same quarter last year. As a group, research analysts predict that Realogy Holdings Corp will post 1.05 EPS for the current fiscal year.

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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