RE/MAX (NYSE:RMAX) Stock Passes Below 200 Day Moving Average – Time to Sell?

RE/MAX Holdings, Inc. (NYSE:RMAX) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.26 and traded as low as $8.16. RE/MAX shares last traded at $8.41, with a volume of 192,360 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised RE/MAX from a “hold” rating to a “buy” rating in a report on Thursday, November 28th.

RE/MAX Stock Performance

The stock has a market capitalization of $159.59 million, a PE ratio of 24.02 and a beta of 1.32. The business’s 50-day moving average is $9.89 and its two-hundred day moving average is $11.24.

RE/MAX (NYSE:RMAX) last issued its earnings results on Thursday, February 20th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.10). The firm had revenue of $72.47 million during the quarter, compared to analysts’ expectations of $74.34 million. RE/MAX had a net margin of 2.32% and a negative return on equity of 38.69%. Equities analysts forecast that RE/MAX Holdings, Inc. will post 0.89 EPS for the current year.

Insider Activity

In related news, major shareholder Adam K. Peterson purchased 13,636 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was acquired at an average price of $10.45 per share, for a total transaction of $142,496.20. Following the acquisition, the insider now directly owns 3,221,131 shares of the company’s stock, valued at $33,660,818.95. This trade represents a 0.43 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 69,889 shares of company stock valued at $729,432 in the last three months. 5.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RMAX. River Global Investors LLP grew its holdings in shares of RE/MAX by 4.2% in the 3rd quarter. River Global Investors LLP now owns 188,913 shares of the financial services provider’s stock worth $2,353,000 after acquiring an additional 7,536 shares during the period. Metis Global Partners LLC acquired a new stake in RE/MAX in the third quarter valued at $156,000. Empowered Funds LLC grew its holdings in RE/MAX by 5.2% in the third quarter. Empowered Funds LLC now owns 57,118 shares of the financial services provider’s stock valued at $711,000 after purchasing an additional 2,814 shares during the last quarter. Quest Partners LLC purchased a new position in shares of RE/MAX in the third quarter valued at $106,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of RE/MAX by 229.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 354,651 shares of the financial services provider’s stock worth $4,415,000 after buying an additional 247,131 shares during the last quarter. 93.17% of the stock is owned by hedge funds and other institutional investors.

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.