Realogy Holdings Corp (NYSE:RLGY) saw some unusual options trading on Thursday. Traders bought 34,411 put options on the company. This represents an increase of approximately 4,256% compared to the average volume of 790 put options.
In other Realogy news, CEO Ryan M. Schneider bought 119,300 shares of Realogy 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 completion of the transaction, the chief executive officer now directly owns 352,761 shares of the company’s stock, valued at $2,956,137.18. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.20% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Realogy during the 1st quarter worth $25,000. NumerixS Investment Technologies Inc boosted its position in shares of Realogy by 40.4% during the 1st quarter. NumerixS Investment Technologies Inc now owns 8,000 shares of the financial services provider’s stock worth $90,000 after acquiring an additional 2,300 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of Realogy during the 1st quarter worth about $135,000. Allstate Corp acquired a new position in shares of Realogy during the 1st quarter worth about $157,000. Finally, Twin Tree Management LP boosted its position in shares of Realogy by 898.0% during the 1st quarter. Twin Tree Management LP now owns 15,190 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 13,668 shares in the last quarter.
Several equities research analysts recently issued reports on the company. Stephens upgraded Redfin from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $18.00 to $23.00 in a report on Monday, June 10th. JPMorgan Chase & Co. cut their price objective on Realogy from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Thursday, April 4th. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Compass Point upgraded Realogy from a “sell” rating to a “neutral” rating in a report on Monday. Finally, Barclays cut their price objective on Realogy from $9.00 to $5.00 and set an “underweight” rating on the stock in a report on Thursday. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Realogy has a consensus rating of “Hold” and an average target price of $12.00.
Shares of RLGY stock traded down $0.21 on Friday, hitting $5.53. The stock had a trading volume of 193,436 shares, compared to its average volume of 2,972,602. Realogy has a 1 year low of $5.47 and a 1 year high of $24.87. The firm has a market capitalization of $670.43 million, a price-to-earnings ratio of 3.68 and a beta of 1.71. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a 50 day moving average of $7.01.
Realogy (NYSE:RLGY) last released its earnings results on Thursday, May 2nd. The financial services provider reported ($0.67) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.67). Realogy had a return on equity of 6.82% and a net margin of 1.76%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the firm posted ($0.38) EPS. Realogy’s revenue for the quarter was down 9.4% on a year-over-year basis. Equities analysts forecast that Realogy will post 1.05 earnings per share for the current fiscal year.
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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