RE/MAX Holdings, Inc. (NYSE:RMAX) Shares Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. raised its position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 8.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,007 shares of the financial services provider’s stock after acquiring an additional 2,331 shares during the quarter. Meeder Asset Management Inc. owned approximately 0.15% of RE/MAX worth $243,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State of Wyoming acquired a new position in shares of RE/MAX during the fourth quarter valued at approximately $91,000. Martingale Asset Management L P acquired a new stake in shares of RE/MAX in the fourth quarter valued at approximately $110,000. Wells Fargo & Company MN increased its holdings in shares of RE/MAX by 27.5% in the fourth quarter. Wells Fargo & Company MN now owns 10,603 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 2,286 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of RE/MAX by 913.8% in the first quarter. GAMMA Investing LLC now owns 15,978 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 14,402 shares during the last quarter. Finally, Brandywine Global Investment Management LLC acquired a new stake in shares of RE/MAX in the fourth quarter valued at approximately $136,000. Institutional investors and hedge funds own 93.17% of the company’s stock.

RE/MAX Stock Performance

NYSE:RMAX opened at $8.55 on Wednesday. RE/MAX Holdings, Inc. has a one year low of $6.90 and a one year high of $14.31. The stock has a market cap of $170.42 million, a PE ratio of 19.89 and a beta of 1.17. The stock has a 50 day moving average price of $8.03 and a 200 day moving average price of $8.50.

Wall Street Analyst Weigh In

RMAX has been the subject of several recent research reports. Keefe, Bruyette & Woods cut their price target on RE/MAX from $10.00 to $9.00 and set a “market perform” rating for the company in a report on Monday, April 28th. Wall Street Zen cut RE/MAX from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th.

Insider Transactions at RE/MAX

In other RE/MAX news, EVP Abigail C. Lee sold 10,000 shares of the firm’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $7.78, for a total transaction of $77,800.00. Following the completion of the sale, the executive vice president owned 151,874 shares of the company’s stock, valued at $1,181,579.72. This trade represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is currently owned by company insiders.

About RE/MAX

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.