The stock of Realogy Holdings Corp (NYSE:RLGY) reached all time low today, Nov, 3 and still has $20.60 target or 8.00% below today’s $22.39 share price. This indicates more downside for the $3.25 billion company. This technical setup was reported by Barchart.com. If the $20.60 PT is reached, the company will be worth $260.00 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock increased 0.86% or $0.19 during the last trading session, hitting $22.39. About 2.25 million shares traded hands or 61.87% up from the average. Realogy Holdings Corp (NYSE:RLGY) has declined 38.49% since April 1, 2016 and is downtrending. It has underperformed by 39.70% the S&P500.
Realogy Holdings Corp (NYSE:RLGY) Ratings Coverage
Out of 9 analysts covering Realogy Holdings Corporation (NYSE:RLGY), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. Realogy Holdings Corporation has been the topic of 19 analyst reports since August 3, 2015 according to StockzIntelligence Inc. JP Morgan maintained Realogy Holdings Corp (NYSE:RLGY) on Tuesday, March 15 with “Neutral” rating. As per Thursday, February 25, the company rating was downgraded by Zelman. Piper Jaffray maintained it with “Overweight” rating and $55 target price in Monday, November 2 report. The stock of Realogy Holdings Corp (NYSE:RLGY) earned “Buy” rating by Citigroup on Thursday, June 2. On Friday, August 5 the stock rating was maintained by Compass Point with “Buy”. The stock of Realogy Holdings Corp (NYSE:RLGY) earned “Neutral” rating by Goldman Sachs on Monday, August 3. The stock has “Neutral” rating given by Credit Suisse on Wednesday, January 6. Compass Point maintained the stock with “Neutral” rating in Tuesday, January 5 report. The firm has “Buy” rating given on Friday, October 2 by Citigroup. The rating was initiated by Wood with “Market Perform” on Thursday, March 31.
According to Zacks Investment Research, “Realogy Holdings Corp. is a provider of real estate services. The Company through its subsidiaries provides real estate brokerage services, relocation services, and title and settlement services. The Company’s brands and business units include Better Homes and Gardens(R) Real Estate, CENTURY 21(R), Coldwell Banker(R), Coldwell Banker Commercial(R), The Corcoran Group(R), ERA(R), Sotheby’s International Realty(R), NRT LLC, Cartus and Title Resource Group. Realogy Holdings Corp. is headquartered in Parsippany, New Jersey.”
Insitutional Activity: The institutional sentiment decreased to 1.03 in 2016 Q2. Its down 0.09, from 1.12 in 2016Q1. The ratio fall, as 38 funds sold all Realogy Holdings Corp shares owned while 82 reduced positions. 34 funds bought stakes while 89 increased positions. They now own 140.84 million shares or 0.53% less from 141.58 million shares in 2016Q1.
Omega Advsr last reported 302,100 shares in the company. Blackrock Investment Mgmt Ltd Limited Liability Company accumulated 137,599 shares or 0.01% of the stock. Barclays Public Limited accumulated 14,368 shares or 0% of the stock. Parkside Fincl Bank Tru holds 14 shares or 0% of its portfolio. Ubs Asset Americas has 368,918 shares for 0.01% of their US portfolio. Aqr Capital Management Ltd Llc last reported 9,529 shares in the company. The Connecticut-based Verition Fund Mgmt Limited Liability has invested 0.03% in Realogy Holdings Corp (NYSE:RLGY). Profund Advisors Limited Co holds 0.01% or 8,680 shares in its portfolio. D E Shaw And holds 0.28% of its portfolio in Realogy Holdings Corp (NYSE:RLGY) for 5.22M shares. Legal General Grp Inc Plc accumulated 133,892 shares or 0% of the stock. Weiss Multi, a Alabama-based fund reported 8,515 shares. Glg Ltd has invested 0.02% of its portfolio in Realogy Holdings Corp (NYSE:RLGY). Jpmorgan Chase And holds 0.01% of its portfolio in Realogy Holdings Corp (NYSE:RLGY) for 1.65M shares. Edgepoint Invest Grp Inc Incorporated has 10.10 million shares for 5.12% of their US portfolio. Parametric Portfolio Associates Ltd Limited Liability Company holds 184,196 shares or 0.01% of its portfolio.
Insider Transactions: Since May 11, 2016, the stock had 1 insider purchase, and 0 sales for $76,775 net activity. Shares for $76,775 were bought by WILLIAMS MICHAEL J on Wednesday, May 11.
Another recent and important Realogy Holdings Corp (NYSE:RLGY) news was published by Prnewswire.com which published an article titled: “Sotheby’s International Realty Brand Expands Presence in Washington State” on November 01, 2016.
RLGY Company Profile
Realogy Holdings Corp., incorporated on December 14, 2006, is an integrated well-known provider of residential real estate services in the United States. The Firm is the franchisor of residential real estate brokerages with some brands in the real estate industry; owner of the United States residential real estate brokerage offices; well-known provider of outsourced employee relocation services, and a well-known provider of title and settlement services. The Firm has four operating divisions: Real Estate Franchise Services (RFG), Company Owned Real Estate Brokerage Services (NRT), Relocation Services (Cartus), and Title and Settlement Services (TRG).
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