Jacobs Levy Equity Management Inc. Reduces Stock Position in RE/MAX Holdings, Inc. $RMAX

Jacobs Levy Equity Management Inc. trimmed its position in RE/MAX Holdings, Inc. (NYSE:RMAX) by 56.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 134,023 shares of the financial services provider’s stock after selling 172,901 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in RE/MAX were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Nuveen LLC bought a new stake in shares of RE/MAX in the 1st quarter valued at approximately $1,342,000. Martingale Asset Management L P boosted its position in RE/MAX by 351.7% during the 1st quarter. Martingale Asset Management L P now owns 46,714 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 36,373 shares during the period. GAMMA Investing LLC boosted its position in RE/MAX by 913.8% during the 1st 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 period. Two Sigma Advisers LP boosted its position in RE/MAX by 19.3% during the 4th quarter. Two Sigma Advisers LP now owns 17,300 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 2,800 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in RE/MAX by 20.3% during the 4th quarter. Ameriprise Financial Inc. now owns 102,714 shares of the financial services provider’s stock valued at $1,096,000 after purchasing an additional 17,316 shares during the period. 93.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered RE/MAX from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.00.

RE/MAX Stock Performance

RMAX opened at $9.91 on Friday. RE/MAX Holdings, Inc. has a one year low of $6.90 and a one year high of $14.31. The stock’s fifty day moving average is $8.61 and its 200-day moving average is $8.24. The company has a market capitalization of $198.50 million, a PE ratio of 21.09 and a beta of 1.17.

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.