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

May 17, 2018 - By Antonio Nuckols

Realogy Holdings Corp. (NYSE:RLGY) Corporate LogoDuring 2017 Q4 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 increased. 92 rose stakes while 44 funds took stakes. Funds hold 148.99 million shares thus 8.30% more from 2017Q3’s 137.57 million shares. Art Advsr Ltd has invested 0.17% in Realogy Holdings Corp. (NYSE:RLGY). Mackenzie invested in 0.05% or 730,712 shs. Bancorp Of Montreal Can has 26,452 shs. Moreover, Invesco Ltd has 0.03% invested in Realogy Holdings Corp. (NYSE:RLGY) for 3.32 million shs. Gotham Asset Mngmt Lc has 0.01% invested in Realogy Holdings Corp. (NYSE:RLGY) for 23,344 shs. Advisory Ser Ntwk Lc has invested 0% in Realogy Holdings Corp. (NYSE:RLGY). Proshare Advsrs Limited Liability has invested 0.01% of its capital in Realogy Holdings Corp. (NYSE:RLGY). Clearbridge Ltd reported 1.99% in Realogy Holdings Corp. (NYSE:RLGY). 29,140 are held by Public Employees Retirement Association Of Colorado. Ny State Common Retirement Fund owns 416,554 shs for 0.01% of their capital. Seabridge Inv Advsr Ltd Limited Liability Company, a New Jersey-based fund reported 1,223 shs. Huntington Bancshares has 213 shs for 0% of their capital. Pnc Fincl Service Grp reported 0% in Realogy Holdings Corp. (NYSE:RLGY). Sei has 4,746 shs. Ellington Management Gru Ltd Liability Com accumulated 0.06% or 13,100 shs.

In 2018Q1 SEC report was reported Okumus Fund Management Ltd’s stake in Realogy Hldgs Corp (NYSE:RLGY) which was upped by 43.26%. 2.48M shares were bought by Okumus Fund Management Ltd as Realogy Hldgs Corp (NYSE:RLGY) stock rose 2.84% while stock markets declined. In 2018Q1, Okumus Fund Management Ltd held 8.23 million shares of Realogy Hldgs Corp (NYSE:RLGY), valued at $224.46M, up from 5.74M 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

In total 6 analysts cover Realogy (NYSE:RLGY). “Buy” rating has 2, “Sell” are 3, while 1 are “Hold”. (NYSE:RLGY) has 33% bullish analysts. With $36.0 highest and $21 lowest price target, Realogy has $30 average price target or 22.60% above the current ($24.47) price. 9 are the (NYSE:RLGY)’s ratings reports on 17 May 2018 according to StockzIntelligence Inc. In Friday, December 22 report Piper Jaffray maintained it with “Buy” rating and $36.0 target. On Wednesday, February 28 the stock of Realogy Holdings Corp. (NYSE:RLGY) earned “Underweight” rating by Barclays Capital. The company rating was downgraded by J.P. Morgan on Friday, December 15. The stock rating was maintained by Citigroup with “Buy” on Friday, May 4. On Tuesday, February 27 Piper Jaffray maintained Realogy Holdings Corp. (NYSE:RLGY) with “Buy” rating. The stock rating was maintained by Piper Jaffray with “Buy” on Monday, January 29. The company rating was maintained by Keefe Bruyette & Woods on Thursday, December 21. The company rating was downgraded by JP Morgan on Friday, December 15.

Realogy Holdings Corp. provides real estate services.The firm is valued at $3.12 billion. 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).7.87 is the P/E ratio. 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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