Renaissance Technologies LLC Has $8.63 Million Position in RE/MAX Holdings, Inc. (NYSE:RMAX)

Renaissance Technologies LLC lifted its stake in RE/MAX Holdings, Inc. (NYSE:RMAX) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 808,369 shares of the financial services provider’s stock after acquiring an additional 19,969 shares during the quarter. Renaissance Technologies LLC owned approximately 4.28% of RE/MAX worth $8,625,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Magnolia Group LLC increased its position in RE/MAX by 2.2% in the 4th quarter. Magnolia Group LLC now owns 3,221,131 shares of the financial services provider’s stock worth $34,369,000 after purchasing an additional 70,457 shares during the last quarter. State Street Corp increased its holdings in RE/MAX by 6.6% in the third quarter. State Street Corp now owns 435,652 shares of the financial services provider’s stock worth $5,424,000 after buying an additional 27,131 shares during the last quarter. Geode Capital Management LLC raised its position in RE/MAX by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 423,443 shares of the financial services provider’s stock valued at $4,519,000 after acquiring an additional 7,652 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in RE/MAX by 19.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 306,099 shares of the financial services provider’s stock valued at $3,266,000 after acquiring an additional 50,796 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in RE/MAX by 101.6% in the fourth quarter. Prudential Financial Inc. now owns 212,762 shares of the financial services provider’s stock worth $2,270,000 after acquiring an additional 107,207 shares in the last quarter. 93.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of RE/MAX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 27th.

RE/MAX Stock Performance

Shares of RMAX stock opened at $7.28 on Friday. The company has a market capitalization of $138.20 million, a price-to-earnings ratio of 20.80 and a beta of 1.25. The stock’s 50 day simple moving average is $8.67 and its 200 day simple moving average is $10.48. RE/MAX Holdings, Inc. has a twelve month low of $6.90 and a twelve month high of $14.31.

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

RE/MAX Company 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.