Laurion Capital Management LP Invests $3.68 Million in Re/Max Holdings Inc (RMAX) Stock

Laurion Capital Management LP purchased a new stake in shares of Re/Max Holdings Inc (NYSE:RMAX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 83,074 shares of the financial services provider’s stock, valued at approximately $3,684,000. Laurion Capital Management LP owned 0.47% of Re/Max as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its holdings in Re/Max by 2.7% during the first quarter. Principal Financial Group Inc. now owns 143,190 shares of the financial services provider’s stock valued at $8,656,000 after purchasing an additional 3,762 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Re/Max by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 53,116 shares of the financial services provider’s stock valued at $2,786,000 after purchasing an additional 7,274 shares in the last quarter. TD Asset Management Inc. lifted its holdings in Re/Max by 557.1% during the second quarter. TD Asset Management Inc. now owns 147,342 shares of the financial services provider’s stock valued at $7,728,000 after purchasing an additional 124,920 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Re/Max by 44.0% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 49,731 shares of the financial services provider’s stock valued at $2,608,000 after purchasing an additional 15,190 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Re/Max by 1.5% during the second quarter. Wells Fargo & Company MN now owns 239,523 shares of the financial services provider’s stock valued at $12,564,000 after purchasing an additional 3,489 shares in the last quarter.

NYSE:RMAX opened at $30.76 on Friday. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 3.17. The stock has a market capitalization of $567.16 million, a PE ratio of 16.45, a price-to-earnings-growth ratio of 2.26 and a beta of 0.61. Re/Max Holdings Inc has a twelve month low of $29.73 and a twelve month high of $61.27.

Re/Max (NYSE:RMAX) last posted its quarterly earnings results on Thursday, November 1st. The financial services provider reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.06). The business had revenue of $54.90 million during the quarter, compared to analysts’ expectations of $55.80 million. Re/Max had a return on equity of 90.23% and a net margin of 8.19%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 earnings per share. On average, research analysts anticipate that Re/Max Holdings Inc will post 2.02 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 14th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Tuesday, November 13th. Re/Max’s dividend payout ratio is currently 42.78%.

Several equities analysts have issued reports on RMAX shares. Morgan Stanley raised shares of Re/Max from an “equal weight” rating to an “overweight” rating and set a $36.00 price objective on the stock in a report on Monday, November 19th. Zacks Investment Research downgraded shares of Re/Max from a “hold” rating to a “sell” rating in a report on Friday, November 9th. Stephens decreased their price objective on shares of Re/Max from $60.00 to $41.00 and set an “equal weight” rating on the stock in a report on Monday, November 5th. TheStreet downgraded shares of Re/Max from a “b-” rating to a “c+” rating in a report on Friday, October 12th. Finally, Craig Hallum set a $50.00 price objective on shares of Re/Max and gave the company a “buy” rating in a report on Monday, November 5th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $53.57.

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Re/Max Profile

RE/MAX Holdings, Inc operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company offers its real estate franchise services under the RE/MAX brand name; and mortgage brokerage services under the Motto Mortgage brand. The company was founded in 1973 and is headquartered in Denver, Colorado.

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Institutional Ownership by Quarter for Re/Max (NYSE:RMAX)

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