Could Realogy Holdings Corp Increase After Today’s Tip From Option Traders?

 Could Realogy Holdings Corp Increase After Today's Tip From Option Traders?

In today’s session Realogy Holdings Corp (RLGY) recorded an unusually high (2,021) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious RLGY decrease. With 2,021 contracts traded and 1504 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: RLGY161216P00022500 closed last at: $1 or 31% down. About 391,698 shares traded hands. Realogy Holdings Corp (NYSE:RLGY) has declined 35.48% since April 5, 2016 and is downtrending. It has underperformed by 37.44% 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. $55 is the highest target while $28.50 is the lowest. The $40.56 average target is 74.83% above today’s ($23.2) stock price. Realogy Holdings Corporation has been the topic of 19 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, August 5 by Compass Point. The stock of Realogy Holdings Corp (NYSE:RLGY) has “Neutral” rating given on Monday, August 3 by Goldman Sachs. The firm earned “Neutral” rating on Wednesday, January 6 by Credit Suisse. The firm earned “Buy” rating on Friday, May 13 by Compass Point. The company was initiated on Thursday, October 6 by Wedbush. Citigroup maintained Realogy Holdings Corp (NYSE:RLGY) rating on Monday, August 22. Citigroup has “Buy” rating and $43 price target. Zelman downgraded the stock to “” rating in Thursday, February 25 report. JP Morgan maintained Realogy Holdings Corp (NYSE:RLGY) rating on Tuesday, March 15. JP Morgan has “Neutral” rating and $37 price target. As per Friday, October 2, the company rating was upgraded by Citigroup. As per Monday, November 2, the company rating was maintained by Piper Jaffray.

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 worsened, 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.
Moreover, Marlowe Prtn Limited Partnership has 0.44% invested in Realogy Holdings Corp (NYSE:RLGY) for 18,800 shares. Gulf Retail Bank (Uk) last reported 43,093 shares in the company. Amalgamated Bank & Trust last reported 0.03% of its portfolio in the stock. Caisse De Depot Et Placement Du Quebec holds 0% of its portfolio in Realogy Holdings Corp (NYSE:RLGY) for 36,100 shares. Hbk Investments Ltd Partnership has 0.06% invested in the company for 265,552 shares. Schwab Charles Investment Mgmt last reported 0.02% of its portfolio in the stock. Old Mutual Customised Solutions (Proprietary) Limited owns 7,600 shares or 0.06% of their US portfolio. New York State Teachers Retirement reported 12,700 shares or 0% of all its holdings. Dimensional Fund Advsr Limited Partnership, a Texas-based fund reported 1.42M shares. Fukoku Mutual Life Insurance has 0.03% invested in the company for 4,700 shares. Moreover, Clovis Cap Mgmt Limited Partnership has 2.51% invested in Realogy Holdings Corp (NYSE:RLGY) for 186,714 shares. The Illinois-based Grp Inc One Trading L P has invested 0% in Realogy Holdings Corp (NYSE:RLGY). Pictet Asset Mngmt holds 50,200 shares or 0.01% of its portfolio. Canada Pension Plan Inv Board has 265,400 shares for 0.03% of their US portfolio. Joel Isaacson And Limited Liability Company reported 1,600 shares or 0.01% of all its holdings.

Realogy Holdings Corp. is an integrated well-known provider of residential real estate services in the United States. The company has a market cap of $3.40 billion. 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. It has a 20.45 P/E ratio. The Firm has four operating divisions: Real Estate Franchise Services , Company Owned Real Estate Brokerage Services (NRT), Relocation Services (Cartus), and Title and Settlement Services (TRG).

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).

Another recent and important Realogy Holdings Corp (NYSE:RLGY) news was published by Nasdaq.com which published an article titled: “Earnings Reaction History: Realogy Holdings Corp, 55.6% Follow-Through …” on November 04, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment