Russell Investments Group Ltd. Decreases Stock Holdings in RE/MAX Holdings, Inc. (NYSE:RMAX)

Russell Investments Group Ltd. cut its holdings in RE/MAX Holdings, Inc. (NYSE:RMAX) by 11.2% in the fourth quarter, HoldingsChannel reports. The firm owned 192,626 shares of the financial services provider’s stock after selling 24,250 shares during the quarter. Russell Investments Group Ltd.’s holdings in RE/MAX were worth $2,055,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RMAX. Charles Schwab Investment Management Inc. increased its holdings in shares of RE/MAX by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 151,779 shares of the financial services provider’s stock worth $1,619,000 after buying an additional 1,092 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in RE/MAX by 31.5% during the fourth 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 period. Exchange Traded Concepts LLC lifted its stake in shares of RE/MAX by 6.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 26,178 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 1,662 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of RE/MAX by 27.5% in the 4th quarter. Wells Fargo & Company MN now owns 10,603 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 2,286 shares during the period. Finally, AlphaQuest LLC increased its position 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 purchasing an additional 3,329 shares during the last quarter. Institutional investors own 93.17% of the company’s stock.

Wall Street Analysts Forecast Growth

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

RE/MAX Trading Down 2.9 %

Shares of RE/MAX stock opened at $7.28 on Friday. RE/MAX Holdings, Inc. has a 12 month low of $6.90 and a 12 month high of $14.31. The stock’s fifty day moving average price is $8.61 and its 200-day moving average price is $10.44. The firm has a market cap of $138.20 million, a P/E ratio of 20.80 and a beta of 1.25.

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

RE/MAX Company 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.