RE/MAX Holdings, Inc. (NYSE:RMAX) Shares Acquired by AlphaQuest LLC

AlphaQuest LLC increased its holdings in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 39.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,829 shares of the financial services provider’s stock after acquiring an additional 3,329 shares during the quarter. AlphaQuest LLC owned about 0.06% of RE/MAX worth $126,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new position in RE/MAX during the fourth quarter worth about $190,000. Charles Schwab Investment Management Inc. boosted its position in RE/MAX by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 151,779 shares of the financial services provider’s stock worth $1,619,000 after acquiring an additional 1,092 shares during the last quarter. Bank of New York Mellon Corp boosted its position in RE/MAX by 27.2% during the fourth quarter. Bank of New York Mellon Corp now owns 85,505 shares of the financial services provider’s stock worth $912,000 after acquiring an additional 18,300 shares during the last quarter. Empowered Funds LLC boosted its position in RE/MAX by 104.1% during the fourth quarter. Empowered Funds LLC now owns 116,595 shares of the financial services provider’s stock worth $1,244,000 after acquiring an additional 59,477 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in RE/MAX by 6.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 26,178 shares of the financial services provider’s stock worth $279,000 after acquiring an additional 1,662 shares during the last quarter. 93.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of RE/MAX from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 11th.

Insiders Place Their Bets

In other news, major shareholder Adam K. Peterson bought 11,798 shares of RE/MAX stock in a transaction on Friday, January 10th. The shares were bought at an average cost of $9.64 per share, with a total value of $113,732.72. Following the completion of the purchase, the insider now directly owns 3,247,929 shares of the company’s stock, valued at approximately $31,310,035.56. This trade represents a 0.36 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have bought 69,889 shares of company stock valued at $729,432 over the last ninety days. Company insiders own 5.99% of the company’s stock.

RE/MAX Price Performance

Shares of RMAX stock opened at $8.78 on Tuesday. The firm’s 50-day moving average is $9.65 and its two-hundred day moving average is $11.11. RE/MAX Holdings, Inc. has a 12 month low of $6.94 and a 12 month high of $14.31. The company has a market capitalization of $166.75 million, a PE ratio of 25.10 and a beta of 1.32.

RE/MAX (NYSE:RMAX) last issued its earnings results on Thursday, February 20th. The financial services provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.10). RE/MAX had a negative return on equity of 38.69% and a net margin of 2.32%. The firm had revenue of $72.47 million for the quarter, compared to analysts’ expectations of $74.34 million. Sell-side analysts forecast that RE/MAX Holdings, Inc. will post 0.89 EPS for the current year.

RE/MAX Profile

RE/MAX Holdings, Inc operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. It operates through Real Estate, Mortgage, and Marketing Funds segments. The company offers real estate brokerage franchising services under the RE/MAX brand; mortgage brokerage services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand; and mortgage loan processing software and services under the wemlo brand.