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

May 17, 2018 - By Arnold Ferreira

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 increased. 92 grew positions while 44 funds took positions. Funds hold 148.99 million shares thus 8.30% more from 2017Q3’s 137.57 million shares. Spark Mngmt Limited Com has 0.28% invested in Realogy Holdings Corp. (NYSE:RLGY). Price T Rowe Assocs Inc Md owns 0.03% invested in Realogy Holdings Corp. (NYSE:RLGY) for 8.13M shs. Convergence Invest Prtnrs Limited stated it has 0.19% in Realogy Holdings Corp. (NYSE:RLGY). Sei Investments reported 4,746 shs. Ngam Ltd Partnership accumulated 57,550 shs. Centurylink Inv Management holds 0.52% or 55,465 shs in its capital. Panagora Asset Mgmt holds 0.04% or 361,143 shs in its capital. Ameriprise Fincl reported 0.01% in Realogy Holdings Corp. (NYSE:RLGY). Buckingham Mngmt accumulated 0.02% or 986 shs. Great West Life Assurance Can has 18,161 shs. Trexquant Inv L P holds 82,922 shs. Morgan Stanley reported 324,817 shs. Etrade Mngmt Ltd Liability Corp accumulated 8,256 shs. Shufro Rose Co Limited Liability has invested 0.55% of its capital in Realogy Holdings Corp. (NYSE:RLGY). Fincl Cap Management Limited Liability Corp holds 193,569 shs or 0.95% of its capital.

In Realogy Hldgs Corp (NYSE:RLGY) was increased the holdings held by Okumus Fund Management Ltd. The increase is 43.26% according to 2018Q1 SEC form. 2.48M shares were bought by Okumus Fund Management Ltd as Realogy Hldgs Corp (NYSE:RLGY) stock rose 2.84% while stock markets declined. Okumus Fund Management Ltd is holding 8.23 million shares, compared to 5.74 million last quarter. The announced value is $224.46 million. Okumus Fund Management Ltd cut its stake in and reduced position by shares for a total of shares.

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

A total of 6 analysts rate Realogy (NYSE:RLGY) as follows: 2 “Buy”, 1 “Hold” and 3 “Sell”. Тherefore 33% are bullish. The firm has $36.0 highest and $21 lowest target. The avg target $30 is 22.60% above the last ($24.47) price. (NYSE:RLGY) has 9 ratings reports on 17 May 2018 according to StockzIntelligence. On Friday, December 15 the stock of Realogy Holdings Corp. (NYSE:RLGY) has “Sell” rating given by J.P. Morgan. On Friday, December 15 JP Morgan downgraded Realogy Holdings Corp. (NYSE:RLGY) to “Underweight” rating. On Friday, May 4 the rating was maintained by Citigroup with “Buy”. On Monday, January 29 Piper Jaffray maintained the shares of RLGY in report with “Buy” rating. On Friday, December 22 Piper Jaffray maintained Realogy Holdings Corp. (NYSE:RLGY) rating. Piper Jaffray has “Buy” rating and $36.0 target. On Thursday, December 21 the rating was maintained by Keefe Bruyette & Woods with “Hold”. On Wednesday, February 28 Barclays Capital maintained Realogy Holdings Corp. (NYSE:RLGY) with “Underweight” rating. On Tuesday, February 27 the rating was maintained by Piper Jaffray with “Buy”.

Realogy Holdings Corp. provides real estate services.The firm is worth $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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