Versant Capital Management Inc Acquires 3,640 Shares of Realogy Holdings Corp (NYSE:RLGY)

Versant Capital Management Inc boosted its holdings in Realogy Holdings Corp (NYSE:RLGY) by 21,411.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,657 shares of the financial services provider’s stock after buying an additional 3,640 shares during the period. Versant Capital Management Inc’s holdings in Realogy were worth $26,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of RLGY. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Realogy during the 1st quarter worth about $25,000. Skylands Capital LLC increased its stake in Realogy by 341.1% during the first 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 period. Meeder Asset Management Inc. increased its stake in Realogy by 4,908.2% during the first 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 period. Allstate Corp bought a new position in Realogy during the first quarter valued at about $157,000. Finally, Hi Line Capital Management LLC increased its stake in Realogy by 97.8% during the first 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 period.

NYSE RLGY traded up $0.13 on Friday, reaching $4.97. The company’s stock had a trading volume of 4,849,302 shares, compared to its average volume of 6,366,314. The stock has a market capitalization of $595.05 million, a price-to-earnings ratio of 3.31 and a beta of 1.70. The company’s 50-day moving average price is $6.23. Realogy Holdings Corp has a 52 week low of $4.75 and a 52 week high of $24.87. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.58 and a current ratio of 0.58.

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

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

In related news, CEO Ryan M. Schneider purchased 119,300 shares of the stock in a transaction on Wednesday, May 8th. The shares were purchased at an average cost of $8.38 per share, for a total transaction of $999,734.00. Following the completion of the transaction, the chief executive officer now directly owns 352,761 shares of the company’s stock, valued at approximately $2,956,137.18. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Realogy Company 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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