Okumus Fund Management Ltd Upped Realogy Hldgs Corp (NYSE:RLGY) Position as Price Rose by $67.08 Million

May 17, 2018 - By Vernon Rice

Realogy Holdings Corp. (NYSE:RLGY) Corporate LogoDuring Q4 2017 the big money sentiment increased to 1.3. That’s change of 0.01, from 2017Q3’s 1.29. 44 investors sold all, 61 reduced holdings as RLGY ratio is positive. 92 increased stakes while 44 funds took stakes. Funds hold 148.99 million shares thus 8.30% more from 2017Q3’s 137.57 million shares. Sterling Cap Mngmt Limited Liability Corporation accumulated 0.55% or 2.28M shs. Manufacturers Life Insur The invested in 0% or 214 shs. Principal Financial Group Inc stated it has 0% in Realogy Holdings Corp. (NYSE:RLGY). Peak6 Invests Lp reported 24,441 shs. Fdx Advsrs holds 0.02% or 26,802 shs. 171,291 were accumulated by Highbridge Ltd. Rhumbline Advisers reported 121,789 shs or 0.01% of all its holdings. Old Mutual Investors (Uk) Ltd reported 2.41 million shs. Gam Holdings Ag holds 0.04% or 52,844 shs. 200,787 were accumulated by Levin Strategies L P. Renaissance Technologies Ltd Liability Co holds 0.03% or 1.11 million shs. Voya Invest Mgmt Lc accumulated 39,119 shs. Raymond James & Associate reported 32,859 shs or 0% of all its holdings. Centurylink Mngmt holds 0.52% or 55,465 shs in its capital. Tower Cap Lc (Trc) holds 258 shs.

In 2018Q1 Securities and Exchange report was reported Okumus Fund Management Ltd’s holdings in Realogy Hldgs Corp (NYSE:RLGY) which was upped by 43.26%. Realogy Hldgs Corp (NYSE:RLGY) rose 2.84% while stock markets declined as Okumus Fund Management Ltd bought 2.48M shares. It held 8.23 million shares of Realogy Hldgs Corp (NYSE:RLGY) at the end of 2018Q1, valued at $224.46M, up from 5.74 million last quarter. It decreased position by shares to shares, and cut its stake.

Ahmet Okumus is the founder of Okumus Fund Management which is based in New York. The company which main focus is on mid and large cap equity space is a staunch value investor.

Realogy Holdings Corp. (NYSE:RLGY) Ratings Coverage

Total analysts of 6 have positions in Realogy (NYSE:RLGY) as follows: 2 rated it a “Buy”, 3 with “Sell” and 1 with “Hold”. The positive are 33%. The firm has $36.0 highest while $21 is the lowest target price. The average target $30 is 22.60% above the last ($24.47) price. Since December 6, 2017 according to StockzIntelligence Inc Realogy has 9 analyst reports. On Friday, May 4 Citigroup maintained Realogy Holdings Corp. (NYSE:RLGY) with “Buy” rating. On Friday, December 15 the firm earned “Sell” rating by J.P. Morgan. On Friday, December 15 the stock of Realogy Holdings Corp. (NYSE:RLGY) earned “Underweight” rating by JP Morgan. On Wednesday, February 28 the rating was maintained by Barclays Capital with “Underweight”. The stock rating was maintained by Piper Jaffray with “Buy” on Monday, January 29. On Thursday, December 21 Keefe Bruyette & Woods maintained the shares of RLGY in report with “Hold” rating. On Friday, December 22 Piper Jaffray maintained the shares of RLGY in report with “Buy” rating. On Tuesday, February 27 the stock of Realogy Holdings Corp. (NYSE:RLGY) earned “Buy” rating by Piper Jaffray.

Realogy Holdings Corp. provides real estate services.The company has $3.12 billion market cap. It operates through four divisions: Real Estate Franchise Services , Company Owned Real Estate Brokerage Services (NRT), Relocation Services (Cartus), and Title and Settlement Services (TRG).The P/E ratio is 7.87. The RFG segment franchises its real estate brokerage franchise systems under the Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA, SothebyÂ’s International Realty, and Better Homes and Gardens Real Estate brand names to real estate brokerage businesses.

Realogy Holdings Corp. (NYSE:RLGY) Institutional Investors Chart

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