Realogy Holdings Corp (NYSE:RLGY) Short Interest Up 5.8% in June

Realogy Holdings Corp (NYSE:RLGY) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 30,790,000 shares, a growth of 5.8% from the May 30th total of 29,109,400 shares. Approximately 27.6% of the shares of the company are sold short. Based on an average daily volume of 3,560,000 shares, the days-to-cover ratio is currently 8.6 days.

Several equities analysts recently commented on RLGY shares. Compass Point upgraded shares of Realogy from a “sell” rating to a “neutral” rating in a research note on Monday, July 8th. Barclays set a $5.00 price target on shares of Amneal Pharmaceuticals and gave the company a “hold” rating in a research note on Thursday, July 11th. Stephens upgraded shares of Redfin from an “underweight” rating to an “overweight” rating and upped their price target for the company from $18.00 to $23.00 in a research note on Monday, June 10th. JPMorgan Chase & Co. decreased their price target on shares of Realogy from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Thursday, April 4th. Finally, Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Realogy currently has an average rating of “Hold” and a consensus price target of $12.00.

RLGY stock opened at $5.86 on Wednesday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.58 and a quick ratio of 0.58. The company has a 50-day simple moving average of $6.85. Realogy has a 52 week low of $5.45 and a 52 week high of $24.87. The firm has a market capitalization of $638.45 million, a P/E ratio of 3.91 and a beta of 1.71.

Realogy (NYSE:RLGY) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported ($0.67) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.67). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.16 billion. Realogy had a net margin of 1.76% and a return on equity of 6.82%. Realogy’s revenue was down 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.38) earnings per share. On average, equities research analysts anticipate that Realogy will post 1.05 earnings per share for the current fiscal year.

In related news, CEO Ryan M. Schneider acquired 119,300 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average cost of $8.38 per share, with a total value of $999,734.00. Following the completion of the transaction, the chief executive officer now directly owns 352,761 shares of the company’s stock, valued at $2,956,137.18. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 1.20% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Realogy in the 1st quarter valued at approximately $25,000. Versant Capital Management Inc boosted its stake in shares of Realogy by 21,411.8% in the 2nd quarter. Versant Capital Management Inc now owns 3,657 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 3,640 shares in the last quarter. NumerixS Investment Technologies Inc boosted its stake in shares of Realogy by 40.4% in the 1st quarter. NumerixS Investment Technologies Inc now owns 8,000 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 2,300 shares in the last quarter. Weiss Asset Management LP acquired a new stake in shares of Realogy in the 1st quarter valued at approximately $135,000. Finally, Allstate Corp acquired a new stake in shares of Realogy in the 1st quarter valued at approximately $157,000.

Realogy Company Profile

Realogy Holdings Corp. is an integrated provider of residential real estate services in the United States. The Company is the franchisor of residential real estate brokerages with some of the recognized brands in the real estate industry, the owner of United States residential real estate brokerage offices, the global provider of outsourced employee relocation services and a provider of title and settlement services.

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