American Century Companies Inc. Has $2.20 Million Stock Holdings in RE/MAX Holdings, Inc. (NYSE:RMAX)

American Century Companies Inc. decreased its position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 8.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 205,931 shares of the financial services provider’s stock after selling 17,914 shares during the period. American Century Companies Inc.’s holdings in RE/MAX were worth $2,197,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its stake in shares of RE/MAX by 31.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,579 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 1,336 shares during the last quarter. AlphaQuest LLC increased its holdings in shares of RE/MAX by 39.2% during the 4th quarter. AlphaQuest LLC now owns 11,829 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 3,329 shares during the last quarter. Quantinno Capital Management LP bought a new position in shares of RE/MAX in the 3rd quarter valued at approximately $135,000. XTX Topco Ltd acquired a new stake in RE/MAX in the 3rd quarter worth approximately $145,000. Finally, Proficio Capital Partners LLC bought a new stake in RE/MAX during the fourth quarter worth approximately $190,000. Hedge funds and other institutional investors own 93.17% of the company’s stock.

Insider Transactions at RE/MAX

In other news, major shareholder Adam K. Peterson bought 11,798 shares of RE/MAX stock in a transaction that occurred on Friday, January 10th. The stock was purchased at an average cost of $9.64 per share, with a total value of $113,732.72. Following the completion of the transaction, the insider now directly owns 3,247,929 shares in the company, valued at $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 accessible through this hyperlink. Insiders own 5.99% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of RE/MAX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 27th.

RE/MAX Stock Down 3.6 %

Shares of NYSE:RMAX opened at $7.25 on Wednesday. The company has a market cap of $137.63 million, a price-to-earnings ratio of 20.71 and a beta of 1.25. The business has a 50 day moving average price of $9.10 and a 200 day moving average price of $10.73. RE/MAX Holdings, Inc. has a twelve month low of $6.94 and a twelve month high of $14.31.

RE/MAX (NYSE:RMAX) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.10). The business had revenue of $72.47 million during the quarter, compared to the consensus estimate of $74.34 million. RE/MAX had a net margin of 2.32% and a negative return on equity of 38.69%. Analysts anticipate 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.