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

May 17, 2018 - By Sergio Grout

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 holdings while 44 funds took holdings. Funds hold 148.99 million shares thus 8.30% more from 2017Q3’s 137.57 million shares. Renaissance Technologies Ltd Llc has invested 0.03% in Realogy Holdings Corp. (NYSE:RLGY). Zurcher Kantonalbank (Zurich Cantonalbank) has 8,585 shs. Landscape Capital Mngmt Limited Liability Corp invested in 12,681 shs or 0.03% of the stock. Armstrong Shaw Inc Ct accumulated 1.56% or 69,730 shs. Gam Hldgs Ag holds 0.04% or 52,844 shs in its capital. Florida-based State Board Of Administration Of Florida Retirement Sys has invested 0.02% in Realogy Holdings Corp. (NYSE:RLGY). Parametric Port Associate Ltd Liability Com accumulated 213,512 shs. Vident Advisory Limited Company holds 88,845 shs or 0.11% of its capital. Shufro Rose Company Ltd Limited Liability Company stated it has 212,530 shs or 0.55% of all its holdings. Blackrock Inc invested in 6.45 million shs. Vanguard Gp accumulated 0.01% or 10.76M shs. Lord Abbett Ltd Limited Liability Company invested 0.01% in Realogy Holdings Corp. (NYSE:RLGY). Ahl Prns Llp owns 377,058 shs for 0.16% of their capital. Sterling Mngmt Ltd Llc has 0.55% invested in Realogy Holdings Corp. (NYSE:RLGY) for 2.28 million shs. Reliance Tru Of Delaware has invested 0.08% in Realogy Holdings Corp. (NYSE:RLGY).

In 2018Q1 SEC form was reported Okumus Fund Management Ltd’s stake in Realogy Hldgs Corp (NYSE:RLGY) which was upped by 43.26%. Realogy Hldgs Corp (NYSE:RLGY) stock Popped Up 2.84% while Okumus Fund Management Ltd bought 2.48M shares. In 2018Q1, Okumus Fund Management Ltd held 8.23M 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 target price, Realogy has $30 average target price 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. On Friday, December 15 the firm earned “Sell” rating by J.P. Morgan. On Wednesday, February 28 the firm has “Underweight” rating by Barclays Capital given. On Friday, December 22 the company was maintained by Piper Jaffray. On Tuesday, February 27 the stock of Realogy Holdings Corp. (NYSE:RLGY) has “Buy” rating given by Piper Jaffray. The company rating was downgraded by JP Morgan on Friday, December 15. In Thursday, December 21 report Keefe Bruyette & Woods maintained the stock with “Hold” rating. On Friday, May 4 the firm has “Buy” rating by Citigroup given. The company rating was maintained by Piper Jaffray on Monday, January 29.

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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