How Realogy Holdings Corp (RLGY) Stacks Up Against Its Peers

Because Realogy Holdings Corp (NYSE:RLGY) has faced declining sentiment from the entirety of the hedge funds we track, logic holds that there were a few funds who sold off their entire stakes last quarter. At the top of the heap, Steve Cohen’s Point72 Asset Management dumped the biggest investment of the “upper crust” of funds monitored by Insider Monkey, worth about $79.6 million in stock, and Clint Murray’s Lodge Hill Capital was right behind this move, as the fund dumped about $25.7 million worth of shares.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Realogy Holdings Corp (NYSE:RLGY) but similarly valued. These stocks are Alere Inc (NYSE:ALR), First Hawaiian Inc (NASDAQ:FHB), Endesa Americas SA – ADR (NYSE:EOCA), and Tanger Factory Outlet Centers Inc. (NYSE:SKT). All of these stocks’ market caps are similar to RLGY’s market cap.

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $335 million. That figure was $1277 million in RLGY’s case. Alere Inc (NYSE:ALR) is the most popular stock in this table. On the other hand Endesa Americas SA – ADR (NYSE:EOCA) is the least popular one with only 4 bullish hedge fund positions. Realogy Holdings Corp (NYSE:RLGY) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard ALR might be a better candidate to consider taking a long position in.

Disclosure: None