First Quadrant L P CA Purchases New Position in Re/Max Holdings Inc (RMAX)

First Quadrant L P CA purchased a new stake in Re/Max Holdings Inc (NYSE:RMAX) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 6,778 shares of the financial services provider’s stock, valued at approximately $261,000.

A number of other institutional investors also recently modified their holdings of the stock. Thrivent Financial for Lutherans lifted its stake in Re/Max by 0.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 46,348 shares of the financial services provider’s stock valued at $1,425,000 after buying an additional 279 shares in the last quarter. Stifel Financial Corp lifted its stake in Re/Max by 1.4% in the 4th quarter. Stifel Financial Corp now owns 32,797 shares of the financial services provider’s stock worth $1,006,000 after purchasing an additional 438 shares in the last quarter. Texas Permanent School Fund lifted its stake in Re/Max by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 11,613 shares of the financial services provider’s stock worth $357,000 after purchasing an additional 447 shares in the last quarter. Teachers Advisors LLC lifted its stake in Re/Max by 3.4% in the 3rd quarter. Teachers Advisors LLC now owns 35,531 shares of the financial services provider’s stock worth $1,576,000 after purchasing an additional 1,159 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Re/Max by 0.9% in the 4th quarter. Principal Financial Group Inc. now owns 144,944 shares of the financial services provider’s stock worth $4,457,000 after purchasing an additional 1,262 shares in the last quarter. 99.57% of the stock is currently owned by hedge funds and other institutional investors.

RMAX has been the topic of a number of research reports. Zacks Investment Research lowered shares of Re/Max from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. TheStreet raised shares of Re/Max from a “c” rating to a “b-” rating in a research note on Monday, March 11th. Compass Point assumed coverage on shares of Re/Max in a research note on Thursday, January 24th. They issued a “neutral” rating and a $40.00 target price on the stock. Finally, Morgan Stanley set a $39.00 price target on shares of Re/Max and gave the company a “buy” rating in a research report on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $50.71.

RMAX stock opened at $43.27 on Monday. The company has a market cap of $768.22 million, a PE ratio of 21.42, a PEG ratio of 3.03 and a beta of 0.88. The company has a debt-to-equity ratio of 2.87, a quick ratio of 5.40 and a current ratio of 5.40. Re/Max Holdings Inc has a one year low of $27.84 and a one year high of $56.77.

Re/Max (NYSE:RMAX) last released its quarterly earnings results on Thursday, February 21st. The financial services provider reported $0.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The firm had revenue of $50.84 million for the quarter, compared to analyst estimates of $50.56 million. Re/Max had a net margin of 12.72% and a return on equity of 84.43%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. Analysts forecast that Re/Max Holdings Inc will post 2.04 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “First Quadrant L P CA Purchases New Position in Re/Max Holdings Inc (RMAX)” was originally posted by Transcript Daily and is the property of of Transcript Daily. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://transcriptdaily.com/2019/04/29/first-quadrant-l-p-ca-purchases-new-position-in-re-max-holdings-inc-rmax.html.

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. It also provides real estate technology solutions.

Featured Article: Do back-end load funds outperform no-load funds?

Want to see what other hedge funds are holding RMAX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Re/Max Holdings Inc (NYSE:RMAX).

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

Receive News & Ratings for Re/Max Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Re/Max and related companies with MarketBeat.com's FREE daily email newsletter.