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.
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.
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